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Full text of "International Herald Tribune , 1994, France, English"

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to rlay Hole in Easing Tensions, 
Prim# Minister Assures Seoul 

•' CempVed by Our Staff From Daptudws 

* — : The North Korean govern- 

JBatf/$aid Tuesday that it had b^un to 
nDC lear program in compliance 

- Woth the accord it signed with the United 
Spates. - : ; 

- V JtLBUOther hopeful sign. Prime Minister 
.jyt;P?iig of China, on the second day of a 
■ground-breaking trip to South Korea. 

.. to play a constructive role in 
gearing Cold War tensions between the 
. North. and the South. 

JV- Bnl in a fiery rhetorical blast. North 

• t w&rea also condemned American and 

• rsqutb Korean troops Sot banning their 

■ jfirst m^j or fi eld exercise this year and said 
it could bring the Korean Peninsula back 

• to the brink of war. 

. North Korea’s Foreign Ministry told the 

• ^official press agency KCNA on Tuesday 

thkt it had stopped building two nuclear 
'reactors, one of 50 megawatts and one of 
200 megawatts. 

In 17 months of negotiations with the 
'North, American officials warned that if 
-the plants were completed, they could pro- 
duce enough plutonium for several nuclear 
bombs a year. 

; The ministry also said it had shut down 
;& 5-megawatt reactor and had decided not 

■ to reload it with new fuel rods. 

; In May, the North removed 8,000 spent 
. fuel rods from the reactor arid threatened 
' to produce plutonium from them. 

Because North Korea is closed to the 
otitside world, and nuclear inspectors have 
not re-entered it yirt, there was no way to 
confirm the ministry's statement. 

In fact, earlier Tuesday the North said 
- the U.S.-SoBth Korean military exercise 
. could prevent it from complying with the 

• In the agreement that Washington and 
v Pyongyang signed in Geneva on OcL 21, 

• the North agreed tp freeze, then dismantle 
;.tf- nuclear system suspected of building 
;• atomic weapons. ' 

-•'In return for modem technology, aid 
: and diplomatic ties with the United states. 

. y A also promised to open its nuclear instal- 
lations eventually to full International in--- 
inspections., - - 

"■t Mr.Li, meanwhile; wasia the second - 
.‘^y-pf'hiSvisiL Meeting bis^Sontii Korean ;• 

j^raatPeninsuh^we essential for peace 
■- jnA&aT . .• . - - 

^Prime Minister ti said China will play 

a constructive role in promoting peace on 
the peninsula." the Chinese Foreign Min- 
istry spokesman. Sben Guofang. said at a 
news briefing. 

He quoted Mr. Li. the highest-ranking 
Communist Chinese official to visit South 
Korea, as saying that he saw huge potential 
to develop already substantia] trade and 
economic ties. 

Mr. Lee responded by saying Seoul did 
not intend to unify the Korean Peninsula 
by absorbing the Communist North, a 
Seoul government spokesman said. 

President Kim Young Sam, meeting Mr. 
Li at the president's official residence, the 
Blue House, on Monday, asked for China's 
assistance in ensuring that the North kept 
its pan of the nuclear deal with Washing. 

When American and North Korean offi- 
cials signed the agreement, the South Ko- 
rean government made a political gesture 
to the North by canceling this year's annu- 
al Team Spirit exercise, which rehearses 
the American and South Korean defense 
of the peninsula. 

Team Spirit is normally held every 
spring, but it was postponed before bong 
canceled because of the ongoing negotia- 

But Seoul and Washington decided to 
go ahead with their annual Foal Eagle 
exercise, which involves the majority of the 
South's 650,000 soldiers and 4 million re- 
servists, and about 25.000 of the 36,000 
U.S. soldiers stationed in South Korea. 

During the exercises, Seoul will summon 
the reservists, see how long it takes them to 
report for duty, and test their equipment, a 
U.S. military command spokesman said. 

The North described the exercises as a 
display of the South's “reckless war frenzy 
to throw a wet blanket" on the nuclear 

The KCNA report also said the maneu- 
vers would hinder the carrying out of the 
acscord and could drive relations between 
Pyongyang and Seoul “back to the brink of 

The North appears to have ignored a 
U.S. request to begin withdrawing troops 
fromtthe Korean border. 

* It -stations 1.2 mill ion soldiers near the 
Etanpitaiized Zone witicB is only 55 kilo- 
meters <35 miles} north of Seoul 
The two Koreas are still technically at 
war, never having signed a peace treaty 
after the 1950-53 Korean War. 

(AP, Reu ten) 

Thnma» Cheng; Agyatcc Franco Pi cue 

A Final Anchors Aweigh in Hong Kong 

The Royal Navy patrol craft Plover sailing Tuesday from the old naval basin in Hong Kong for the last time The base is 
being handed over for redevelopment, ending 90 years of British tenure, as the colony moves closer to 1997 and Chinese rule. 

Pair Arrested in German Crime Spree 

By Rick Atkinson 

Washington Post Service 

BERLIN — German policemen captured two escaped con- 
victs on Tuesday who had eluded authorities on a two-day, 700- 
mile kidnapping and caijacking spree across Germany. 

The police in the state of Hesse announced that they had 
arrested Gerhard Polak, 35. a convicted armed robber, as he fled 
through a forest near the holiday resort of Heisterberg, north of 
Frankfurt. Later in the day, they captured Raymond Albert. 32, 
a former East German Army. commando and convi.'ied murderer 
who had been serving a life sentence before the two escaped from 
a Hamburg prison three weeks ago. 

The arrests came after one of the most intense dragnets in 
German history. 

In a wild sequence reminiscent of a Hollywood adventure 

movie, the two had repeatedly swapped getaway cars and hos- 
tages as they zigzagged across the country at speeds of up to 1 15 
miles per hour (185 kilometers per hour), trailed by dozens of 
police cruisers, helicopters and carloads of journalists. Despite at 
least two shoot-outs, the only reported injury was to a hostage 
lightly wounded in the arm by a stray bullet 
The manhunt had begun around 4 A.M. Monday when two 
police officers In the southwestern city of Stuttgart approached a 
parked Volkswagen van. Inside were the two armed convicts, 
who pulled a gun and secured the officers with their own 
handcuffs. The pair had escaped from Fuhlsbuttel prison on Oct. 

After hijacking a BMW at a highway rest stop and abandoning 
the van, the two convicts and their police hostages drove to 

See CHASE, Page 4 

U.S. Trying to Open European Routes by Dealing With Smaller Airlines 

. By Lawrence Malkin 

•- Jmermaionat Herald Tribune 

NEW YORK — The UU. government 
on Tuesday made a hew 1 attempt to un- 
block stalled negotiations with France and 
Britain on trans-Atlantic airline access by 
making an end run to smaller European 
airlines and offering them more of the 
American market. - ' 

Federico Pefia, the U.S. transportation 
secretary, announced at an airline conven- 

tion in Chicago that negotiations would 
open soon with nine European countries 
on free trade in aviation services. The aim 
will be a so-called open skies system like 
the one already operating through Schi- 
phol Airport in the Netherlands that is 
starting to draw traffic away from Lon- 
don’s Heathrow Airport. 

"We will seek unrestricted, market-based 
agreements with any nations that can offer 
economic and strategic benefits to the U.S. 
and U.S. carriers," Mr. Fefla said 

The major European airlines involved in 
the negotiations will be Swissair, Austrian 
Airlines, Scandanavian Airlines System, 
and Icdandair, described by Jon Ash of 
Global Aviation Associates of Washington 
as "solid second-tier airlines." 

Several s ma ll national lines also may 
come into play in the talks with the nine 
countries, which are Austria, Belgium, 
Derunaik, Finland, Iceland, Luxembourg, 
Norway, Sweden, and Switzerland. U.S. 
officials said the nine countries have for- 

mally agreed to start negotiations as early 
as next week, and Washington hopes to 
have a deal wrapped up early next year. 

The only thing that will not be on the 
table is the right of foreign airlines to pick 
up and drop off passengers between a ties 
within a single country. This practice; 
known as cabotage, is what Britain and 
France are fighting about within the Euro- 
pean Union, with France resisting Britain 
to protea its internal airline. 

What the United Slates seeks is what 

airlines call the fifth freedom — the right 
to pass through other countries, pick up 
and drop off passengers, and then take 
them on to a third country. For example, 
in exchange for Swissair biting able to fly 
from Zurich to Chicago, Los Angeles and 

York to Zurich, pick up and drop off 
See AIRLINES, Page 4 

Israelis Join 
Arabs in Step 
To Broaden 

But Money and Polities 
Block Wide Agreement 9 
Boycott Is Maintained 

By Youssef M. Ibrahim 

Sew York Ttmes Service 

CASABLANCA, Morocco — An un- 

E recedented conference of Arab and lsrae- 
business and government figures an- 
nounced plans on Tuesday to take what 
was described as the first steps in a wide 
plan of economic cooperation. 

The opening agreement included provi- 
sions for the opening of regional Middle 
East offices for tourism and commerce 
between Arab governments and Israel. 

But lack of cash and intrusive Middle 
East political problems prevented the 
adoption of more concrete plans. Dele- 
gates said they would tackle other projects 
at meeting planned next year in Amman, 

One of the proposals was a United 
States plan, strongly backed by Israel, to 
create a multibillion dollar regional Mid- 
dle Hast development bank that would 
finance private ventures and joint public 
projects such as roads tying Arab countries 
to Israel. 

But Arab governments from the Gulf, 
led by Saudi Arabia, rejected the proposal, 
fearing they would be asked to finance 
such a bank at a time when they have 
mounting debt problems. 

“We have an abundance of lending and 
financial aid institutions operating under 
capacity in the region/' said Soleiman So- 
leim, Saudi Arabia's commerce minis ter, 
who represented his government at the 
gathering. He argued instead for activation 
of now-dormant funds under Arab con- 

The Middle East-North Africa Econom- 
ic Summit, at which King Hassan II of 
Morocco acted as host, attracted several 
heads of governments and scores of West- 
ern officials along with about 2,500 busi- 
nessmen. It was the first open public meet- 
ing of Arab and Israeli businessmen, 
several hundred of whom attended. Syria, 
Lebanon, Libya, Iraq and Iran boycotted 
the conference. 

The initial steps concerning tourism and 
chambers of commerce are part of a broad- 
er agreement dubbed the “Casablanca 
Declaration.” The five-page document 
outlined an ambitious plan for a network 
of private-sector projects and investments 
binding Israel's economy to that of the 
Arab nations surrounding iL 
Arab delegates said privately that their 
governments supported the peace process 
with Israel, but not with money. They 
argued that oil prices had been dropping or 
hovering at record lows for more than a 

its accumulated in the 1970s had beat 
depleted by the cost of two Gulf wars in 
the 1980s and the 1990s. 

A strong United States plea to abolish 
the Arab boycott of Israeli businesses also 

See MIDEAST, Page 4 

Visit to U.S. 

Washington Pan, Service 

MOSCOW — - The UJS. Embassy 
' here announced Tuesday night that it 

- had granted a visa to theidtranation- 
atisi politician, 1 Vladimir V. Zhirin- 

- oysky, although it said the U A jgov- 
. erament finds many of his views 

“anathema.” ■ 

An embassy spokesman said Mr. 

T Zhirinovsky had been issued the visa 

* for a brief speaking, tour. . 

r Mr/22nrinovsky, leader of the larg- 
est single faction in the lower house of 
..Parijament, has been denied entry to 
several European countries because erf 

* Ms jtynriatinn with neo-Nazis and 
' what . officials have described as his 
-outrageous behavior. He has ihreat- 

- ened Japari with nuclear war, threat- 
ened other politicians with arrest and 

;vowod to eopand Russia’s borders to 

Embassy said- in a - 
.write 'statement that U.S. law does 
r “nirt favor excluding persons on the 
basis of beliefs, statements, or associa- 
tions." — . . 

/ “The .fact that Mr. Zhirinovsky is 
■ receiving a visa is not an endorsement 
-■ ofWwws, nor does it indicate any 
-s upport for his ambitions,” it said. 

‘fefac ti the U.& government finds 
maxv.df ‘Mr. Zhirinovsky's views 
‘-SBsjixsBa? padded. . . - 

' , Newsstand Prices 

' Anctorro...-9.(« FF. Utxernbourg 60 LFr 

-AhtIties.L..ll JQ FF' Morocco ~l£Dn 

-Cameroon^! .400 CFA Qatar — 8-MR‘ag 
■Eflyjrt^. : ;2B,P. 5000 Reunion .~ 11 £ 0 FF 
.France.^.. 9.00 FF Saudi Arabto y 9.M R. 

GOJon.-.^WOCFA Seoegai-^WOCFA 

Terrorist Target: Tourists Off Beaten Path 

Join Mivrc'Tbc AuocuUd Pin 

Myles Croston gesturing in New Delhi as he described rescue. The forma 1 
hostages, from left: PauHtidout, Mr. Croston, Bela Nuss, and Rhys Partridge. 


LONDON — Three tourists were freed 
in India on Tuesday and three other West- 
erners were confirmed killed in Cambodia, 
highlighting a new guerrilla tactic of kid- 
napping young globe-trotters. 

In pursuit of publicity for their causes, 
for political concessions, the freeing of 
prisoners or simply cash, guerrillas are 
singling out travelers who stray off the 
beaten track, analysts say. 

“Terrorists have turned to softer targets 
like backpackers," said Bruce Hoffman, a 
senior lecturer in international relations 
and terrorism at St. Andrews University in 
Scotland. “These groups work at a sophis- 
ticated level, they need infrastructure. 
Hostage-taking is not an act of despera- 

Some victims had their freedom negoti- 
ated. Some were freed, Hke Miles Croston, 
Paul Ridout and Rhys Partridge, the three 
Britons who escaped from Kashmir sepa- 
ratists after a gun battle. An American, 
Bela Nuss of S an Francisco, freed earlier, 
gave the police information that led them 
to the house where the Britons were held. 

But a Frenchman, an Australian and a 
Briton were shot and killed by Khmer 
Rouge captors. 

Armored vehicles, bodyguards and extra 
security precautions for aircraft mean 
guerrillas are finding it harder to hijack 
planes or capture foreign officials, busi- 
nessmen and political leaders, experts sug- 
gest, so they are turning to softer targets. 

In Egypt, Muslim fundamentalists have 
been firing on tourist buses to draw atten- 
tion to their cause. 

And in Algeria, more than 50 foreigners 
have been killed since September 1993, 
when they became targets in a wave of 
attacks that the authorities blame on Mus- 
lim fundamentalists. 

Last year, rebel Kurds kidnapped 19 
Westerners traveling in Turkey, including 
Americans, a Finn, a New Zealander and a 
Dutchman, but released them after a few 
weeks. The Kurdish Workers Party kid- 
nap policy was designed to win publicity 
ana narm Turkey's lucrative tourism in- 
dustry i which the Kurds say helps fund 
Turkish military operations m the south- 
east The government said rebel kidnap- 

pings and bomb attacks had cost the tour- 
ism industry about SI billion in 1993. 

European travel agents are advising 
those wno want to visit exotic locations to 
accept advice from their foreign ministries 
and try to travel in organized groups in 
remote areas. 

“Independent travelers roaming off on 
their own are more at risk and, easily 
identifiable, they are good victims for the 
kind of kidnapping we have seen," said 
Alex Woolfall of the Association of British 
Travel Agents. 

“Now we’re telling people it might be a 
beautiful country, but it might be volatile,” 
he said. “Don't just get to know about the 
mountain ranges, get to know about the 

A spokesman for Britain’s Foreign Of- 
fice, which on Tuesday branded the killing 
of one of its nationals by the Khmer Rouge 
a “barbaric” outrage, said: “It’s true that 
backpackers can tend to go to places in the 
orbit of separatists.” 

Urging travelers to seek and use Foreign 

See KIDNAP, Page 4 

Lake Is One of Kashmir War’s Casualties 


By Molly Moore 

Washngion Part Service 

SRINAGAR, India — The leather- 
skinned woman struggled to pole a wood- 
en boat piled high with the day’s vegetable 

iortfan,. J D UJL E. ;.;..&£0 Dim 

.-.Labeijcm ...USSL50- U£. Mil. (Eor.)SLTO 

en boat piled high with the da/ syege table 
harvest through a thick mat of duckweed, 
water ferns and algae. 

“Lhasa, help me! I can’t find my way 
through!” she shouted to a colleague trying 
to wrestle his flat-bottomed boat off a mud 
bar in the middle of the lake. , 

Strangled by weeds, choked with silt and 
saturated with pollution, one of the most 
idyllic lakes on the Indian subcontinent is 
dwng. Once the vacation destination for 
the tikes of the Beatle George Hamson 
and home to clan n ish water pwple. Dal 
Lake has been virtually sealed off from me 
outside world for the last four years by a 

dvil war in the Kashmir Valley. By the 
time the war ends, according to India s top 
environmentalists, the fabled lake near the 
Pakistani border may be little more than a 
polluted marsh. 

Dal Lake, cradled a mile above sea level 
by the snow-capped Himalayas, is one of 
dozens of natural sites that have become 
the forgotten victims of war and civil strife 
throughout India and other troubled coun- 
tries, - 

Across the subcontinent, bodies of wa- 
ter are being polluted, forests plundered 
and wildlife sanctuaries denuded of flora 
and fauna as a result of marauding mili- 
tias, struggling natives and governmental 
brought on by the chaos of war- 

“The whole system has broken down,” 

said M. A. Kawosa, conservator of forests 
for the Kashmir Valley, where separatist 
Muslim militants have been fighting pri- 
marily Hindu Indian government forces 
for four years. “The lake is dying, and our 
forests have had terrible damage. It's as if 
there’s an open treasury, and people are 
looting it” 

In many instances, inadequate govern- 
ment protection has resulted in wide- 
spread poaching and timber cutting in 
sanctuaries, parks and reserves. 

At Dachigam National Park, just out- 
ride the Kashmiri summer capital, Srina- 
gar, both militants and Indian military 
forces have been accused of slaughtering 
the rare Kashmir stag, an endangered spe- 

See LAKE, Page 4 

Stocks Tumble on Inflation Jitters 

Trib Index 

H Down 
% 44.75 

JJ. 3853.37 

The Dollar 






Book Review 



Tubs, dose 


Page 8, 
Page 21. 
Page 22. 

NEW YORK (AP) — U.S. stocks 
tumbled Tuesday after a widely fol- 
lowed survey of corporate purchasing 
executives said that the U.S, manufac- 
turing sector and the overall economy 
had surged in October and was likely to 

continue to grow further in the coming 

The news rekindled fears that the 
Federal Reserve will have to raise inter- 
est rates to brake the economy. At the 
same time, the Dow Jones industrial 
average slumped 44.75 points on Tues- 
day, to 3,863.37, compounding its drop 
of 22.54 points from Monday. 

3.d5 3 K ; B Sy 

Page 2 


4 * 

German Victims of Communist Camps Seek a Hearing 


By Craig R. Whitney 

New York Timas Service 

BONN — For nearly 50 years, the 
fate of the millions of ethnic Ger- 
mans rounded up and expelled by the 
victorious Communists from the 
eastern provinces of the Reich and 
western Poland at the end of World 
War II has been passed over in si- 
lence by most of the rest of the world. 

Little distinction was drawn be- 
tween the fanatical followers of Hit- 
ler and ordinary Germans whose 
families had lived for centuries in 
places like Silesia, West Prussia and 
Pomerania that were wrested from 
German control by the Allies in 

About 7 million fled Communist 
retribution or were shipped out in 
cattle cars. It is estimated that 2 mil- 
lion died. 

Until the fall of communism in 
Poland, attempts by survivors and 
their descendants to seek justice for 
the crimes they say were committed 
against Germans in 1945 and 1946 
were dismissed as “revanchism." 

But now they have begun to hope 
for a fair bearing. Some of the most 
serious accusations concern Commu- 
nist concentration camps in which 
German civilians were interned in 
Poland after the war. 

In the most widely publicized case 

to come to light, the Polish authori- 
ties are investigating murder charges 
against Solomon Morel, a former se- 
cret police officer who served in the 
Co mmunis t resistance during the 
war. In the spring of 1945, he was put 
in charge of what had been a Nazi 
concentration camp at Swie- 
lochlowice, near Katowice. 

Mr. Morel, who is Jewish, lost both 
parents and his two brothers during 
the war. Witnesses at the camp he 
commanded after the war nave 
charged that he had hundreds of 
German civilians tortured and beat- 
en to death, and killed some with his 
own hands. 

The ramp was shut in late 1945 
after a series of typhus outbreaks. 

Alter the end of Communist rule 
in Poland, Mr. Morel appeared at a 
hearing of the Commission on 
Crimes Against (he Polish Nation in 
Katowice, where he denied the accu- 
sations of murder and torture and 
blamed typhus for the deaths. 

But he fled to Israel in 1993 and 
now lives in Tel Aviv with his daugh- 

One of his accusers is Gerhard 
Gruschka, 64, a retired schoolteacher 
who lives in northern Germany and 
to this day says he does not under- 
stand why the Polish authorities ar- 
rested him on April 3, 1945, when he 
was not yet 15. 

“Morel was 25 to 30 years old in 
1945, of quite powerful build, and, as 
I recall, driven by burning hatred," 
Mr. Gruschka said in a deposition. 
“Wien he picked out a prisoner for 
individual treatment, it usually 
amounted to a death warrant 

Do rota Boreczek, a Polish woman 
im prisoned in Swietochlowice in 
February 1945 with her German 
mother, said: “I was only 13 years 
old, and I saw people dying like ani- 
mals there.” 

She now lives in Germany and is 
trying to raise money for a monu- 
ment to the camp’s victims. 

“We never got an explanation for 
why we were taken to the camp," she 
said. “All 1 want is an explanation, 
and an apology, from MoreL" 

Some of these victims feel uneasy 
about accusing a Jew of seeking re- 
venge for what Germans had done. 

“Only a few people even knew he 
was Jewish," said Joseph Jen dry s- 
chik, who has been gathering infor- 
mation on the Swietochlowice camp 
since his father died there 49 years 
ago. “It doesn’t matter if he was 
Christian or Muslim — what matters 
is that he be brought to justice." 

For Sigmund Karrid, a journalist 
working for the powerful Silesian ex- 
ile lobby in Bonn, the fact that Mr. 
Morel and other secret police officers 

recruited by the Communists after 
the war may have been Jews is irrele- 

“It's only an alibi for Poles or 
Germans who want to try to excuse 
what they did during the war by 
saying the Jews were no better than 
they were," he said, “It’s absurd to 
make the claim that most of the Pol- 
ish Communist secret police were 
Jews. There weren’t that many Jews 
left in Poland after the war." 

John Sack, an American journal- 
ist, interviewed Mr. Morel and 23 
other high-ranking Jewish members 
of the Office of State Security, the 
Polish Communist organization that 
kept some of the former Nazi con- 
centration camps going under Soviet 
supervision after the war. 

Mr. Sack asserted in his book “An 
Eye for an Eye" (Basic Books, 1993) 
that Stalin deliberately put Jews in 
charge of secret police activities in 
the formerly German territories. 

But, Mr. Sack wrote, most of the 
Jewish officers in the organization, 
known by its Polish initials as U.B„ 
left in disgust or were soon dis- 
charged. Mr. Morel, however, stayed 
in prison administration for 24 years, 
he said, before being purged by the 
Communists in 1968. 

American critics have attacked 
Mr. Sack’s book as sensational and 

its charges inadequately attributed to 
sources, but the writer said in a tele- 
phone interview that his extensive 
research left little doubt that Jews 
ran the Swietochlowice camp “from 
the bottom to the lop ” 

“It pains me as a Jew to report 
this,” he said. 

Mr. Gruschka said he had written 
to Mr. Morel in Israel, urging him to 
take responsibility for the crimes at 
the camp. “It would be terrible for 
me if be, too, like so many of the 
Nazis, showed no repentance," Mr. 
Gruschka said. 

Dr. Stanislaw Kaniewski, the se- 
nior prosecutor currently investigat- 
ing Mr. Morel in Katowice, said in a 
telephone interview: “We suspect 
that he won’t come back to Poland." 

“No formal charges have yet been 
raised against him," Mr. Kaniewski 
said, “but the investigation is still 
active, and a large number of wit- 
nesses have testified.” 

But he added that Poland had no 
extradition treaty with Israel and 
could not force Mr. Morel to return 
against bis wSL 

Those who have seen him recently 
say he is now 75 and not in good 
health. His daughter, reached in Tei 
Aviv, relayed to him a request for an 
interview but said ha father had re- 

Yeltsin Fires General 
Linked to Corruption 

By Margaret Shapiro 

H oshirrgton Post Service 

MOSCOW — President Bo- 
ris N. Yeltsin on Tuesday fired 
Deputy Defense Minister Mat- 
vei Burlakov, who has been at 
the center of a military corrup- 
tion scandal that is being linked 
to the murder of an investiga- 
tive reporter for Moscow’s most 
popular newspaper. 

The press agency Itar-Tass, 
which reported the dismissal, 
gave few details, saying only 
that the action was “for the sake 
of defending the honor of the 
Russian armed forces and their 
supreme commanders." 

But it appeared that Mr. 
Yeltsin was responding to 
mounting anger toward the mil- 
itary and the president himself 
over the corruption charges and 
their possible link to the bomb- 
ing murder of an investigative 
reporter, Dmitri Kholodov. 

Newspaper editorials, letters 
to the editor and some politi- 
cians have attacked the defense 
minister. General Pavel S. Gra- 
chev. and General Burlakov 
who, until his appointment as 
General Grachev’s deputy, was 
in charge of Russia’s Western 
Army Group in Eastern Ger- 
many. Newspapers charge that 
this outpost of the army, now 
withdrawn to Russia, was tilfr- 
gaily selling off property or si- 
phoning off government funds 
to enrich its leaders. 

The bulk of the allegations 
have been leveled at General 
Burlakov, but General Grachev 
has been accused of having ille- 
gally received two Mercedes ve- 
hicles through financial machi- 
nations of the Western Group. 

The Moskovsky Komso mo- 
lds newspaper, Mr. Kholodov’s 
employer, has made clear that it 
believes the reporter was killed 

for having snooped too much 
into this corruption scandal. 
Mr. Kholodov died when a 
briefcase given him by a source 
blew up Oct. 17. He was to 
testify several days later before 
a parliamentary committee 
about alleged illegal weapons 
trade by the Western Army 

The allegations have badly 
hurt Genera] Grachev, who de- 
fended General Burlakov and 
pushed for him to be made a 
deputy defense minis ter despite 
opposition inside and outside 
the government. Moskovsky 
Komsomol e is, Moscow's most 
?ular newspaper, refers to 
in print as “Pasha Mer- 
cedes" and portrays him in po- 
litical drawings with the Mer- 
cedes insignia, instead of 
general's stars. 

Mr. Kholodov’s death clearly 
struck a nerve here, with about 
10,000 people showing up for 
his funeral and many more ex- 
pressing disgust at rising cor- 
ruption in Russia and Mr. Yelt- 
sin’s inability to deal with it. 

Before dismissing General 
Burlakov, Mr. Yeltsin had said 
or done little about the scandal 
or the slaying except to stri- 
dently defend General Gra- 
chev, whom he called the “best” 
defense chief in decades. Mr. 
Yeltsin’s democratic backers 
have been veiy critical of his 
stance, with many calling for 
the immediate sacking of the 
defense minister. 

General Grachev is not very 
popular among his own troops, 
according to military officials 
and reporters here, but he pro- 
vided key support to Mr. Yelt- 
sin during the October 1993 
showdown with Parliament 
hard-liners seeking to over- 
throw the government. 

Compiled by Our Staff From Diyacha 

CHICAGO — A twin-engine 
commuter airplane owned by a 
subsidiary of American Air- 
lines. fighting gusts and rain on 
the way to O’Hare Internation- 
al Airport in Chicago, crashed 
in an Indiana soybean field. 

All 68 people on board were 
killed, offitiaJs said. 

The American Eagle flight 
from Indianapolis, nearly an 
hour behind schedule on the 
160-mile (260-kilometer) trip to 
O’Hare, went down Monday 
near Roselawn, Indiana. 30 
miles south of Gary, Indiana. 

The plane was an ATR-72. a 
twin-engine turboprop that is 
made by a consortium of 
France’s Aerospatiale and Ita- 
ly’s Alitalia. 

“It’s relatively rare in the 
United States,” said Arnold I. 
Barnett, a professor of opera- 
tions research and statistics at 
the Massachusetts Institute of 
Technology who studies airline 
safety records. “And that may 
raise questions about whether 
the vulnerabilities are fully un- 

In Paris, Avions de Transport 
Regional, or ATR. said Tues- 
day that teams of experts had 


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been sent to Indiana to work 
with U.S. investigators. 

It was the second crash of an 
ATR plane in three months. In 
August, an ATR-42 crashed in 
Morocco, killing all 44 people 
on board- Moroccan authorities 
said the pilot had decided to 
commit suicide, a view contest- 
ed by his air-crew association. 

The National Transportation 
Safety Board chairman. Jim 
Hall, said searchers had found 
the plane's cockpit voice re- 
corder within hours of the 
crash. The flight data recorder, 
which shows altitude and other 
information, was also found. 
Both recorders were being sent 
to Washington for analysis. 

Leroy Prohosky, who’lives on 
an adjacent farm, said he heard 
the plane's engines whining 
overhead, then silence. 

“We looked out the door and 
all there was was the tail going 
down at about a 45-degree an- 
gle," he said. “There was no 
explosion. There was no fire.” 

Clarence Hanley, whose fam- 
ily owns the field where the 
plane crashed, said that rain 
propelled by heavy wind had 
been pelting the area for most 
of the day. At the time of the 
crash, the wind was blustering 
at nearly 50 miles an hour in 
Gary, the National Weather 
Service said. 

Bob Spitler, director of oper- 
ations for Indianapolis Interna- 
tional Airport, said weather in 
northwestern Indiana at the 
time of the crash was “moder- 
ate’’ and viability was about 
two and a half miles. 

“Those don't appear io be 
horrible conditions,” Mr. 
Spitler said. “It's not a nice 

clear day. but it's certainly the 
kind of thing that any pilot 
would typically fly right into." 

Mr. Hall agreed saying that 
the rainstorm alone would not 
explain the crash. 

“Airplanes operate every day 
in this type of weather," he said 
“We’ll have to look to see 
whether there were any unusual 
weather occurrences that might 
cause the result." 

It was the third major plane 
crash this year — one with a 

death toll of at least 25 — in the 
United States. There were no 
major crashes last year. It has 
been seven years since three 
major crashes occurred in one 

The plane had been descend- 
ing from 10,000 to 8,000 feet 
(3,000 to 2.400 meters) when it 
disappeared from radar screens 
at 4 P.M.. according to a 
spokesman for the Federal Avi- 
ation Administration. 

(/VYT. AP, Reuters) 


San Hunn 'Raifcn 

STUCK GUCK — Russians using ropes Tuesday to drag oil sludge along the top of a tributary of the salmon-rich 
Pechora. A government panel said spring floods could further pollute the river but said the spOl was not a catastrophe. 

68 Die as Plane Crashes in Indiana Field 

UN Doubts Report of Serbian Gains • 

SARAJEVO, Bosnia- Herzego vin a (AFP) — Bosnian Serbs 
rt»invd Tuesday to be pressing a counterattack to blunt an 
offensive undertaken by the Bosnian Army m northwestern Bos- 
nia last week, but United Nations sources were doubtful that 
separatist forces had reclaimed significant amounts of territory. 

Serbian spokesmen said they bad recaptured some of the 
territory lost to government forces over the last few days, but gave 
few details. _ . _ ", 

A spokesman in Zagreb for the UN Protection Force. Paal 
Rislcy, said that he saw “no sign, no indication of a counterat- 
tack" by Bosnian Serbian forces and that there was a “very low 
level” of fighting in the region. 

Senate Panel Berates CIA Director 

WASHINGTON (AP) — The reprimands by the director of 
Central Intelligence, R. James Woolsey Jr., of 1 1 senior managers 
for their handling of the Aldrich Hazen Ames spy case were 
“seriously inadequate” for a “disaster of unprecedented propor- 
tions,” a Senate committee said Tuesday. 

In a report on the Central Intelligence Agency's bunt for the 
Soviet mole and Mr. Woolsey’s response to the scandal, the Senate 
Intelligence Committee also asserted that congressional oversight 
committees were not notified “in any meaningful way" of the 
devastating loss of foreign agents in 1985-86 that Mr. Ames now 
admits he caused. Mr. Ames, who was arrested last February and 
sentenced last April to life in prison, has admitted he sold U.S; 
national security secrets to Moscow for more than eight years, 
starting in 1985. He was a 31-year veteran of the spy agency. 

The report in many ways highlights the same flaws and errors 
inside the CIA that were noted m a recently declassified report by 
the CIA inspector general. In a conclusion that is much stronger 
than expressed by the inspector general, the 17-member Senate 
panel said there was “gross negligence — both individually and 
institutionally” in creating and perpetuating an environment 
inside the CIA’s Operations Directorate that enabled Mr. Ames U? 
go undetected for years. 

Burma Is Pressed on Human Rights 

RANGOON (AP) — A high-level U.S. delegation met Tuesday 
with leaders of Banna's ruling junta to press them to restore 
democracy and human rights. 

The U.S. delegation, led by Thomas Hubbard, deputy assistant 
secretary of state for East Asia and Pacific affairs, held talks with 
Lieutenant General Khrn Nyunf and Foreign Minis ter Ohn 
Gyaw, Burmese and American officials said. 

No details of the talks were available, but a U.S. Embassy 
spokesman in Bangkok said the delegation was delivering “an 
unambiguous message to the regime on the importance of pro- 
gress on issues of critical concern to the United States, including 
human rights, democratization, political reconciliation and coun- 
l era arco tics efforts.” 

Italy Sentences 'Monster of Florence' 

FLORENCE (Reuters) — An Italian court sentenced an elderly 
farm laborer to life imprisonment on Tuesday after r uling he had 
carried out a series of grisly double murders that had been 
attributed to “The Monster of Florence" sexual serial killer. 

The jury found Pietro Pacciani, 69, guilty of seven of eight 
double murders attributed to the “Monster" after taking 78 hours 
to reach a derision in one of Italy’s great c riminal mysteries. 

Mr. Pacciani was cleared of a fust double slaying, committed in 
1968, but convicted of seven others committed between 1974 and 
1985. His 14 victims included four foreign tourists. Before (he jury 
retired on Saturday, Mr. Pacciani brandished a saint's picture and 
told the court in a final plea that be was “as innocent as Christ on 
the cross." 

U.S. Cancels Warning on Haiti Travel 

WASHINGTON (AP) — The U.S. State Department has 
canceled its general travel warning to Americans on Haiti, but 
cautions that crime and disease are still risks to travelers. 

“Foreigners in Haiti are at risk from criminal attacks, particu- 
larly in urban areas, owing to their relative affluence,’’ the depart- 
ment said. In addition to tropical diseases such as malaria, 
typhoid, polio and dengue fever, the department said AIDS was 
prevalent in tourist areas and posed a significant risk. 

Bus service in Paris is likely to be severely disrupted Wednesday 
as drivers stage a one-day strike to protest an attack on a driver by 
someone allegedly brandishing an AIDS-infected syringe. (AFP I 

The Vista Hotel in the World Trade Center building in New 
York, which was badly damaged in a bomb attack last year that 
left six people dead, reopened Tuesday after a $65 million renova- 
tion. The Feb. 26 bombing, which injured 1.000 people, closed the 
110-story twin towers of New York’s highest building for two 
months. (AFP) 

High Court Hears Sides in Frequent- Flier Case 

The Associated Press 

WASHINGTON — People should 
not be allowed to sue airlines in state 
courts over restrictions in frequent-flier 
programs, a lawyer for American Air- 
lines argued Tuesday before the Supreme 

But an attorney for frequent-flier dub 
members who sued the airline said that 
barring the claims would leave customers 
no way to seek damages for restrictions 
that cut the value of travel miles they bad 

American, which has the world's larg- 
est frequent-flier dub and gave out more 
than 2 million tickets last year, is trying 
to fend oft a class-action lawsuit over 
restrictions it imposed retroactively in 

“American expressly reserved the 
right to change frequent-flier awards and 
rates at any time," the airline's attorney, 
Bruce J. Ennis Jr., said. 

He said a federal airime-deregulation 
law preempts state court lawsuits over 
issues related to airline rates, routes or 
services. Disputes over frequent-flier 

programs fall into that category, he said, 
and should be handled by the federal 
Department of Transportation. 

"What about a negligence claim aris- 
ing out of a plane crash?" Chief Justice 
William H. Rehnquist asked. 

Mr. Ennis answered that lawsuits over 
safety issues are allowed in state courts 
because they are not closely related to 
rates and services. Most lawsuits over 
lost baggage would also be allowed for 
the same reason, he said. 

Gilbert W. Gordon, the lawyer repre- 
senting the frequent- flier club members, 
said they were not asserting a right to a 
particular airline rate or service. 

A free ticket under the frequent-flier 
program is "clearly not a rate, it's a 
reward for your brand loyalty,” he said. 

The Transportation Department has 
no authority to award monetary dam- 
ages or restitution for a breach of an 
airline’s agreement with its frequent-flier 
customers, Mr. Gordon said. 

Justice Sandra Day O'Connor noted 
that a dissatisfied customer could ask the 

department to bar an airline from mak- 
ing retroactive changes in its frequent- 
flier program. 

The court is expected to rule in the 
case by July. 

American started the first frequent- 
flier program in 1981 as a temporary 
promotion, allowing customers to earn 
free trips and other benefits based on the 
number of miles they had flown with the 

The program proved so popular that 
American made it permanent and almost 
every other major airline began one. 

Six American frequent-flier club 
members filed a class-action suit repre- 
senting 4 million club members. 

The Illinois Supreme Court allowed 
the suit to go forward. But the Supreme 
Court ordered it to restudy the case 
based on a 1992 high court ruling that 
barred states from regulating airline fare 

Last December, the Illinois Supreme 
Court again allowed the suit, saying the 
frequent-flier program was not related to 
American’s rates or services. 

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Page 3 

>a V 


ublican Presidential Hopefuls Set to Move Swiftly After Midterm Vote 

^tor [: 


n H 


JV 3n,. 

By Dan Balz 

. . ... Washington Pan Service 

- .v^RtQrr — Senator Phil Gramm, Republican 
was on his cellular phone finishing up 
■Wpjpsjew'with Ms office back in Washington 
whea ne changed the topic to ask about one other 

tutfening for a minute, he said: “1 want you 
'jpigetthe artist and tell him to go out and look at a 
b&fldln£ 0 ae that’s got some letters etched on the 
ajde.-Hawhim go out on a sunny day and see what 
^ shading looks Eke.” 

/Architectural drawings? Hardly; 

» f3ramm.was talking about the logo for his 

presidential campaign. As chairman of the 
oal Republican Senatorial Committee, he may 
» concentrating right now on helping to elect a 
Republican Senate, but as that brier conversation 
showed; he is ready to move swiftly to the next phase 
^f hiSrlife once this election is over. 

Gramm is one of at least half a dozen Repub- 
^cans-Oiber' ready to run for president or giving it 
serious consideration. Mr. Gramm, Jack Kemp nan 

Quayle, Richard B. Cheney, James A. Baker id, 
Lamar Alexander and Senator Bob Dole of Kansas 
have spent the fall campaigning across the country 
and at the same time testing their messages and 
trying to gauge potential support. 

Some are as ready and organized as Mr. Gramm: 
others, like Mr. Kemp, who ran for his party's 
nomination in 1988, appear more ambivalent. 

With a front-loaded primary and caucus calendar, 
the need to raise $25 million to $30 million by the 
end of 1995, and a belief that President Bill Clinton 
will be vulnerable in 1 996, the battle for the Republi- 
can presidential nomination will begin almost be- 
fore the numbers from next week's midterm elec- 
tions are analyzed. 

Unlike the 1992 race, when Democratic challeng- 
ers did not begin their campaigns until a year before 
the election. Republicans are ready to break quickly 
after the midterm vote, and none perhaps more so 
than Mr. Gramm. 

According to sources familiar with his planning. 
Mr. Gramm has already picked a campaign manager 
(James Francis, a fellow Texan), a senior adviser 

(the veteran Charlie Black, although Mr. Black said 
he had not formally agreed to help anyone yet) and a 
chief fund-raiser (Carla Eudy. who has been with 
him since 1984). 

The former Democrat plans to shift $5 million 
from his Senate campaign accounts to his presiden- 
tial committee and will open offices in Dallas and 
Washington before the end of the year, with Dallas 
the fund-raising center and Washington the political 

He plans a formal announcement of his candidacy 
in late February or early March, but well before then 
he expects to have qualified for federal matching 

“I hope io win the Senate back.' 1 Mr. Gramm said 
last week in the middle of another intensive day of 
campaigning for Senate hopefuls. “And once that 
race is over, I*m going to sit down and make the 

He added: “I’m not going to fool around with an 
exploratory commit. tee or going out sounding 
around the country. Pm going to make a decision to 
do it and get on with it." 

Mr. Gramm is not the only one moving rapidly. 
Mr. Alexander, a former education secretary and 
Tennessee governor, has also picked a campaign 
manager (Dan Pero. now top aide to Governor John 
Fngler of Michigan) and has lined up two former 
Republican finance chairmen (Ted Welch and Joe 
Rodgers) to help him raise the money needed to 
make the race. 

He is writing a book about his travels around the 
country this year and has coined one of the season's 
most crowd-pleasing anti-Congress, anti-Washing- 
ton stump lmes: “Cut their pay and send them 

“Lamar and Phil are working it the hardest," one 
Republican said. “They’re out there pounding away. 
The rest, who knows?" 

The rest are working, too. Mr. Dole, who as 
Senate minority leader is the closest thing there is to 
a Republican front-runner, has been tireless in his 
planning, if he decides to run. He has recruited 
people to help develop a campaign plan and has also 
begun to line up talent. 

But if Republicans win control of the Senate on 
Nov. 8, Mr. Dole is likely to come under pressure 
from some of his colleagues to make a choice De- 
tween being majority leader or presidential candi- 

Mr. Kemp has campaigned for 160 candidates 
this year. Mr. Dole has been in 43 states, according 
to his office, and the senator hit five in one day last 

Mr. Cheney, defense secretary in the Bush admin- 
istration, has been out almost nonstop this fail, 
stressing his foreign policy and defense credentials. 
f.iira Mr. Kemp, he plans to wait until the end of the 
year to make a final decision. 

Mr. Baker has visited about 20 states in the last 
year, but be has not made a decision and will not 
until later in the year. 

Mr. Quayle, written off as a likely candidate a 
year ago, has used the last six months to begin a 
political rehabilitation process, first with publica- 
tion of a book about his vice presidential years and 
this fall through a series of high-profile speeches. 


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. Cflnton TegtirW* CMraBBT 

PITTSBURGH — Noionger sberiby 
s, some beleaguered Democrats as a poKti- 
• cal HaWQity, President Bill Ginton has 
begun a swing around . the country to 
> campaign for candidates in tight races 
that will hdp determine- who controls 
i Congress next year. . : 

With most recent pedis indicating that 

pugh a cap on entitlement 

With most recent polls indicating that 
Senator Hams Wofford, the Democratic 
incumbent, and lieutenant - Governor 
Mark S/Singd. the party’s candidate for 
V governor, are locked in dead heats, Penn- 
• sylyarua has become a crucial swing state 
“ in the midienn elections next Tuesday. 
Even ihbngb Mr. Clinton carried this 
state in 1992 by nine percentage points, 

■ it was a sign of how much hhd changed in 
'■ two years' that before Monday, local 
’ Democrats had conspicuously avoided 
appearing with the president on the cam- 
■ paign trail in Pennsylvania. - • 

Bui with Mr. Clinton’s approval rat- 
ings having 1 slightly rebounded in some . 
. recent nationwide polls, anti .most polls 
showing the Pennsylvania races tighten- 

ingin the final week of the campaign, the 

president was warmly embraced by Mr- 
‘Wofford and Mr. SingeL (NYT) 

A Pledge of Bipartisanship 

WASHINGTON —The White House 
chief of staff. Leo® E. Panetta, has 
. warned against a i Twhling war between 

Democrats' and Republicans on tax cuts 
and; pledged that President Clinton 
. would seek bipartisan agreements with 
‘ Congress next year on health care, wel- 
fare and a set of political refonns that 
have been stymied by sniping between 
the parties. ^ V • 

Although not rating out the possibility 

that-'Mi. Clinton will endorse a tax cut 
. for the middle-class, as he promised in 
Ws l992 campaign, the former budget 
chief said that if Republicans make the 
expected gains in nextweek's el «*on, 
ihCTamhrS for “S300 bilhon ot S400 
fcflfioatn tax cals," offset by what he 
called the false promise of equivalent 

“I’m worried about a bidding war," 
Mr. Panetta told a group of reporters, 
acknowledging that many Democrats 
will want to match or exceed any cuts the 
Republicans offer. 

Such a development would threaten 
what he called the top priority for the 
administration next yean “keeping the 
economy on track by staying the course" 
on reducing budget deficits. 

Beyond that, Mr. Panetta said, the 
president would focus on a “much 
tighter agenda” than the one be pushed 
in 1993-94. Its main dements would be 
health care, welfare, campaign finance 
and lobbying reforms, a line-item veto 
and the application of all federal regula- 
tions to Congress. 

Mr. Panetta conceded that despite a 
recent brightening in Democratic pros- 
pects, Republican gains were likely and a 
Republican takeover of the House and 
Senate possible. 

“Under any circumstance, he said, 
“the president must reach out on a bipar- 
tisan basis” to avoid a return to gridlock, 
which, he said, hurts Congress and the 
presidency and 1 damages the reputation 
of both parties. (WP) 

Pune! Caught Up In Politics 

WASHINGTON — The new presi- 
dential commission to study the role of 
the intelligence community in the posi- 
Cold War world has not even been 
named yet, and already it has become the 
focus of partisan politics. 

Congressional Republicans, led by the 
HonseRepu btican whip, Newt Gingrich 
of Georgia, want to use the commission 
to advance their efforts to beef up intelli- 
gence operations, and to oppose what 
they see as excessive cuts in spending on 
intelligence gathering. The Republicans 

inserted last-minute language in the bill 
authorizing the commission to ensure 
that 1 Republicans were well represented 
on the 17-member commission. 

■ Thai runs counter to the original plan 
of Les Aspin, chairman of the President s 
Foreign Intelligence Advisory Board and 

President Clinton's choice to head the 
commission. He hoped to make the cur- j 
rent advisory board members the presi- j 
dent's choices for the commission. 


An Insider’s Fight for Life 

NASHVILLE — In one of the many 
ironies of this odd political year. Senator 
Jim Sasser is fighting for his political life 
at home just as he gains ground on Capi- 
tol HID in his bid to become Senate 
Democratic leader. 

The three-term senator and high-pro- 
file c hairman of the Senate Budget Com- 
mittee has paid his political dues in Ten- 
nessee and Washington, winning re- 
election by increasingly wide margins 
while moving steadily up the power lad- 
der in Congress. 

But now, only months after he seemed 
to be the odds-on favorite to- become 
majority leader of the Senate in the 104th 
Congress, Mr. Sasser, 58. is in danger of 
losing his seat — just as Democrats are in 
danger of losing their majority — in the 

While Mr. Sasser says that his power 
in W ashing ton is an advantage for Ten- 
nessee, his opponent says the incum- 
bent’s status in Washington only under- 
scores his liberalism, his ties to President 
Clin ton and his estrangement from Ten- 

Mr. Sasser’s challenger is Bill Frist, 42, 
a Nashville heart surgeon, who has 
poured $2 million of his fortune into the 
race. He hammers relentlessly on Mr. 
Sasser as a big-government liberal and 
“( official water boy’* for Mr. Clinton, 
who, despite some gains in recent polls, 
remains a drag on Tennessee Democrats. 


Quote /Unquote . 

Bob Dole of Kansas, the Senate Re- 
publican leader: “No matter what des- 
perate pre-election tactics this adminis- 
tration may use, they cannot hide from 
their record or change jhe coming tide of 
Republican victories.” (AP) 

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Party Loyalty Doesn’t Mean Endorsement 

By Richard L. Berke 

New York Times Sen-ux 

WASHINGTON — A string 
of defections by prominent Re- 
publicans who endorsed Demo- 
cratic candidates, the biggest in 
decades, has exposed an ideo- 
logical rupture in the Republi- 
can Party and demonstrated 
how difficult it has become for 
(he major parties to enforce dis- 

While it is not clear how 
much effect the endorsements 
will have on this year's state and 
federal races, the fissure ex- 
posed by the desertions points 
to trouble ahead for Republi- 


fans as they first try to set legis- 
lative priorities for the next 
Congress and then field a nomi- 
nee to oppose President Bill 
Clinton in 1996. 

if the campaign events are 
any indication, even if the Re- 
publicans make major gains 
next Tuesday, the party may 
have a hard time smoothing 
over differences between its 
conservative and moderate 

The most publicized cases of 
Republicans’ embracing Demo- 
crats came last week, when New 
York’s mayor, Rudolph Giu- 
liani, endorsed Governor Mario 
Cuomo, and Mayor Richard 
Riordan of Los Angeles backed 
Senator Dianne Femstein. 

But prominent Republicans 
have violated the party’s vaunt- 
ed “1 1th Commandment" of 
not speaking iB of one another 
in several other important con- 
tests, in such states as Virginia, 
Michigan and Pennsylvania. 

Not since the nomination of 
Senator Barry Goldwater in 
1964 sent many Republicans 
scurrying to rally around Presi- 
dent Lyndon B. Johnson have 
so many prominent party mem- 
bers bitterly turned on the par- 
ty’s candidates. And that was in 
a presidential contest Just as in 
1964, they are shifting in one 
direction: away from conserva- 
tive Republicans. 

“They’re frightened about 
the movement of their party to 
a more right-wing conservative 
agenda,” said Fred Steeper, a 
Republican pollster in Detroit. 

Although most experts agree 
that one person's endorsement 
does not usually sway voters in 
numbers large enough to turn 
around an election immediate- 
ly, candidates can seize on such 
events- to show that things are 
turning their way. 

That seems to be happening 
in the closing days of the cam- 
paign, with Democrats using 
the endorsements as a sign or 
movement for their candidates. 

While there are different ex- 
planations and rationalizations 
offered for each outburst of 
party disloyalty, most of the 
Republican defectors are from 
the moderate wing of the party, 
opposed to the conservative 

candidates' positions on fiscal 
issues like taxation or on social 
issues like abortion. 

But that is only part of the 
explanation. Besides ideology, 
some of the crossover endorse- 
ments reflect old scores being 
settled or personality clashes. 

Beyond the deterioration of 
party loyalty, Ted Van Dyk, a 
longtime Democratic strategist, 
said it was easier for Republi- 
cans to turn against people like 
Representative Michael Huff- 
ington, who is running against 
Senator Frinstein, and Slate 

Most of the Republican defectors are from 
the moderate wing of the party, opposed to 
the conservative candidates’ positions. 

They also reflect political prag- 
matism, as in the cases of May- 
or Riordan and Mayor Giu- 
liani, who figured that their 
cities would receive more gener- 
ous treatment from Democrats. 

In addition, both men needed 
significant Democratic votes to 
get elected — as they will to get 

Senator George Pataki, who is 
challenging Governor Cuomo, 
because they are not closely 
connected to their party. 

“Hufftngion is not of the par- 
ty,” Mr. Van Dyk said. “He’s a 
loose cannon with money. It’s 
not as if the mayor did not en- 
dorse Governor Wilson. That 
would be startling.” 

Martin J. Wallenberg, a po- 
litical science professor at the 
University of California at Ir- 
vine, said the endorsements 
“show that the Republicans 
aren’t as cohesive as they might 
sometimes seem, particularly 
on New Ri|ht issues.” 

He said it was “also symp- 
tomatic of the fact that parties 
can't control their nomina- 

Also striking is that some of 
the endorsements, or attacks on 
the Republican candidate, were 
made by the wives of politi- 
cians. That, perhaps, is based 
on the calculation that it was 
more difficult for a public offi- 
cial to speak out than a less- 
known spouse. 

Whatever the reasons, politi- 
cal professionals say they have 
never seen so many crossover 
endorsements in congressional 

Away From Politics 

• Cable News Network was convicted of crim- 
inal contempt in Miami for broadcasting 
phone conversations of Manuel Noriega in a 
r uling Tha t could lead to a $100,000 fine. 

• A storm with winds up to 60 miles an hour 
tore roofs off hundreds of bouses and shops, 
smashed cars and downed trees in Baltimore. 
There were no immediate reports of injuries. 

• A couple whose two young sons disappeared 
a week ago in a carjacking called the ordeal “a 
nightmare that seems to have no end.” Susan 
and David Smith of Union, South Carolina, 
again appealed for help. Despite a nationwide., 
manhunt, no firm leads have come forward. 

• Two brothers whose first trial ended with 
deadlocked juries after they said they killed 
their parents because of sexual abuse will be 
retried be ginning March 13, a judge in Los 
Angeles derided. Lyle Menendez, 26. and 
Erik Menendez, 23, are charged with shooting 
their father, Jose Menendez, and his wife. 
Kitty, in 1989 in their Beverly Hills mansion. 

• A gunman opened fire on afanrily of trick- 
or-treaters in North Las Vegas. Nevada, criti- 
cally wounding two children and injuring 
their mother and their aunt as they were going 
door-to-door for candy on Halloween. The 
police had no motive for the attack and the 
assailant was still at large. 

• A man with eight felony convictions for 
drunken driving was sentenced to life in pris- 
on in Fort Worth, Texas, for vehicular homi- 
cide after running over a police officer who 
was helping a stranded motorist. The man, 
Eugene Standerford, 56. must serve at least 30 
years before being considered for parole. 

• Five weeks after beginning jury selection in 
the O. J. Simpson murder case, the judge and 
lawyers concluded individual questioning of 
the first panel of jury candidates, clearing a 
predominantly black and female group of 42 
potential jurors. Lawyers on both sides next 
will begin weeding out the panel by using 
peremptory challenges. AFP. ap. Reutcn. lat ’ 

Army Football Players Face Inquiry 

New York Tunes Service 

NEW YORK — five mem- 
bers of the United States Mili- 
tary Academy’s football team 
are to face an official inquiry 
this week at West Point after 
being accused of groping wom- 
en cadets who were part of a 
pep rally crowd that ran past a 
cordon of football players at the 
academy’s game-wemt festivi- 

A West Point inquiry ordered 
after three women initially 
complained has elicited reports 
from 1 8 women cadets who said 
they were brushed across the 
breasts during the “spirit run” 
on OcL 20. In the event, 600 
cadets, including 51 women, 
raced and rallied past the team 
cordon two days before the 
game with The CitadeL 

Fifteen of the women consid- 
ered the incident as deliberate, 
if fleeting, sexual harassment, 

whOe three others described it 
as inadvertent, said Lieutenant 
General Howard D. Graves, su- 
perintendent of the academy, 
who noted in disclosing the in- 
cident on Monday that in none 
of the instances were women 
able to identify the offending 

“We have studied very hard 
the lessons learned from Tail- 
hook and from the navy honor 
incident," General Graves said, , 
referring to the sexual abuse of 
women navy officers by male 
peers and to an Annapolis 
cheating scandal “We want to 
be very open and forthcoming 
about the process.” 

Once the inquiry began, three 
players came forward and said 
they had brushed against fe- 
male cadets inadvertently, ac- 
cording to the academy. Other 
football players, angry about 
the incident's effect on the 

team, reported teammates who 
were observed behaving inap- 
propriately at the spirit run or 
heard laughing about it later in 
the showers, the general said. 

That led to the inquiry into 
the five players out of the 200 
varsity and junior varsity men 
who were in the cordon. Gener- 
al Graves said. 


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Page 4 



Iran Opposition Unwelcome 

U.S. Labels Rebels Anti- American Stooges 

By Thomas W. Ligpman 

Washington Post Semce 

most prominent Iranian op- 
position group is an autocrat- 
ic. Marxist-oriented terrorist 
organization with little popu- 
lar support in Iran ana little 
credibility outside, according 
to a State Department report 
that precludes any possibility 
of working with the group 
against the Tehran regime. 

The report blasts the Muja- 
hidin Khalq as an anti-Amer- 
ican stooge of President Sad- 
dam Hussein of Iraq, despite 
its claims to be a democratic 
opposition poised to restore 
personal liberty and women's 
rights in Iran. 

The report, delivered to 
Congress owr the weekend, is 
detailed and footnoted. A 
classified supplement out- 
lines the group's sources of 
financing- But some members 
or Congress have criticized it 
as incomplete because no 
Mujahidin members were in- 

None of the report’s scath- 
ing assessments came as a 
surprise. Mujahidin represen- 
tatives in Washington sur- 
mised weeks ago what the 
State Department would say, 
and they published a detailed 
response in advance. They 
did not deny that the group 
was based in Iraq and sup- 
ported by Mr. Saddam, but 
sought to portray the report 
as an effort by the Clinton 
administration to curry favor 
with Iran. 

To some extent, they suc- 
ceeded in preemptively rais- 
ing questions about the re- 
port's value by complaining 
publicly that the State De- 
partment refused to talk to 
group members in its re- 
search. Several members of 
Congress objected before the 
report was distributed that 
the department had ignored 
their instructions to "talk 
with the widest range of peo- 
ple possible" about the 

Representatives Gary L. 
Ackerman, Democrat of New 
York, Robert G. Torricelli, 
Democrat of New Jersey, and 
Danny L. Burton, Republi- 
can of Indiana, all senior 
members of the Foreign Af- 
fairs Committee, criticized 
the department and the re- 

They and other members 
who requested the report do 
not necessarily support the 

Iran Scrutinized 
As Murder Trial 
Begins in Paris 

77ie Associated Press 
PARIS — Iran goes under 
legal scrutiny for its alleged 
links to terrorism with the tri- 
al starting Wednesday of 
three Iranians suspected in 
the 1991 double murder of 
former Prime Minister Shah- 
pur Bakhtiar and his secre- 

The assassination of Mr. 
Bakhtiar, a leading opposi- 
tion figure, was among the 
most spectacular of dozens of 
murders of exiled Iranians 
because of the stature of the 
man and the elaborate securi- 
ty system that failed to pro- 
tect him. 

The monthlong trial could, 
for the first time, show a link 
between the killings and the 
Islamic state. 

One of the defendants 
worked at the Iranian Embas- 
sy in Bern; another is said to 
be close to a ranking official 
in the Telecommunications 
Ministry, and the third is sus- 
pected of being a former 
member of Iran's Pasdaran 
security network and an em- 
ployee of the Information 

The Iranian Embassy in 
Paris has denied any involve- 
ment by Tehran in the kill- 

Mujahidin but wanted an as- 
sessment from the adminis- 
tration to help them decide 
whether to do so. Failure to 
talk to any representatives of 
the group undermined that 
effort, they said. 

[Shahin Gobadi, a Mujahi- 
din spokesman in Washing- 
ton, also criticized the State 
Department, calling the re- 
port “a bunch of bold-faced 
lies that shows they have not 
studied historical factors 
about this organization," 

Reuters reported. 

[He said the report was “a 
r ehash” of an earlier depart- 
ment report that was “simply 
meant to be an appeasement 
of the mullahs in Iran.”] 

The administration regards 
Iran and Iraq, for different 
reasons, as two of the most 
dangerous and unacceptable 
governments in the world and 
has adopted a policy of “dual 
containment*’ aimed at pre- 
venting them from spreading 

In Iraq, this policy has in- 
cluded an embrace of an exile 
opposition group, even 
though it appeals to have lit- 
tle support within Iraq. In 
Iran, the policy has been the 
opposite, treating the Mqja- 
hidin as if the group were just 
as reprehensible as Tehran. 

The difference, according 
to administration officials 
and the State Department re- 
port, is that in 1979, when the 
Mujahidin still supported the 
revolutionary regime in Teh- 
ran, the group endorsed the 
takeover of the U.S. Embassy 
and the holding of American 

The State Department por- 
trays the Mujahidin Khalq as 
historically anti-American, as 
well as deceitful in claiming 
to operate internally accord- 
ing to democratic principles. 
Far from the open, popular 
organization it claims to be, 
the report says, the group is 
more like a “cult” controlled 
by its founder and leader. 
Massoud Rajavi. 

CHASE; Germans Arrest Pair 

Continued from Page 1 
Bavaria, where they hijacked a 
Mercedes, keeping ihe driver as 
a third hostage. After abandon- 
ing the BMW and freeing the 
Mercedes' driver, they drove to 
the town of Fulda, where the 
convicts used the police officers 
as human shields to rob a bank 
of 200,000 Deutsche marks 
(about 1133,000.) 

After the robbery on Mon- 
day morning, the pair left the 
police hostages unharmed 
along a highway, hijacked an 
Audi to replace the Mercedes 
and kidnapped a middle-aged 
couple, according to German 
press accounts. After a shoot- 
out with the police, they briefly 
barricaded themselves in a 
house in Hoetzdsroda, about 
40 miles east of Fulda, adding a 
woman and her two children to 
their collection of hostages. 

Mr. Polak and Mr. Albert 
fled again, this time in a Mer- 
cedes station wagon stolen from 
a television cameraman. Press- 
ing across Eastern Germany to- 
ward Berlin, several times ex- 
changing hostages and vehicles, 
they hit a traffic jam shortly 
before 8 P.M. on Monday and 
abruptly turned around on the 
highway. After first heading 
south toward Dresden, they 
then veered west again at high 

The police tried to impose a 
blackout on the pair's where- 
abouts after they threatened to 
“blow everything into the air” 
with hand grenades unless au- 
thorities gave up the chase. But 
journalists at least twice con- 
tacted the convicts by mobile 
car telephone. 

The mass-circulation Bild 
quoted one of the men as say- 
ing; “We want to go to a warm 
country — to France or Spain. 
We have four pistols and hand 
grenades. If the police push us 
into a comer, then every thing 
will be exploded.” 

Around 2 A.M. Tuesday, the 
police, who subsequently said 
that they had takes the threats 
seriously and thus were “giving 
them a long leash,” lost the trail 
in the state of Hesse. 

Shortly before 5 A.M. Tues- 
day the final three hostages 

were freed, including the 
wounded man, near the town of 

Two hours later, a police 
causer near Her bom took gun- 
fire from one of the convicts, 
who was spotted in a telephone 
booth. Trailing the pair to Drie- 
doif. the police evacuated citi- 
zens and called in reinforce- 

Shortly after 2 PAL, Mr. Po- 
lak, a Swiss national who had 
also escaped from prison in 
1988, was spotted and captured 
without a struggle. 

Mr. Albert, a onetime mem- 
ber of an elite East German 
Army unit who had been con- 
victed of strangling and be- 
heading an innkeeper, surren- 
dered several horns later. 


European Routes 

Cootmoed from Page 1 

passengers there, and then go 
on to another city in Europe, 
the Middle East or Asia. 

Mr. Pena made it dear that 
he was not insisting on the 
whole package at once and that 
the United Slates would consid- 
er moving to full liberalization 
over a number of years to allow 
time for adjustments to the in- 
creased competition. He also 
said the agreements could cover 
air cargo, charters, and other 
sectors, and he would be willing 
to negotiate not just bilaterally 
but with several countries at 
once or in a multilateral forum 
such as the EU. 

This was seen by Nick Cun- 
ningham, an analyst with Bar- 
clays de Zoete Wedd in Lon- 
don, as “another chess move” in 
the trans-Atlantic battle for 
more competitive air rights. Mr. 
Ash, the Washington consul- 
tant, said that the U.S, govern- 
ment “recognizes at this stage 
that Britain and France are not 
in play, so we want to move 
liberalization forward with like- 
minded countries where we can 
find them and avoid diplomatic 


Economic Steps 

Continued from Page 1 

met with notable Arab resis- 
tance. The thrust of Arab argu- 
ments in the bargaining that 
went on throughout the two^ 
day conference was against 
pressing further for a lifting of 
the boycott because the weight 
of political problems, still to be 
resolved between Israel, Syria, 
Lebanon and the Palestinians, 
restrains the growth of econom- 
ic ties. 

Arab businessmen said the 
initial contacts made here were 
a success and were bound to be 

But Arab politicians attend- 
ing the conference and influ- 
encing its outcome also said po- 
litical considerations at the 
moment took precedence. 

“We cannot succeed by put- 
ting the cart before the horse,” 
said the Arab League secretary- 
general, Esmat Abdelmeguid. 
“A durable peace must be 
based on a just solution of land 
for peace and on the successful 
end of all Arab-Israeli talks.” 

Morocco, Egypt and Jordan 
were by far the most eager of 
the Arabs to expand commer- 
cial ties with Israel 

“We have long spoken on the 
Middle East in conflict,” said 
Egypt's foreign minister, Amr 
Moussa. “Now, here, we are 
speaking about peace. I'm not 
saying we are dreaming, but the 
view is dear ahead of hope in 
the future.” 

Crown Prince Hassan of Jor- 
dan railed the economic meet- 
ing “a civilized economic 
achievement,” while King Has- 
san said the peace process was 
now irreversible. 

Israel’s business delegation 
arrived here with 140 ideas for 
joint projects while a delegation 
of 100 Egyptian businessmen 
proposed some SO business ven- 

The Palestine Liberation Or- 
ganization’s chairman, Yasser 
Arafat, succeeded in lobbying 
for an acceleration of financial 
aid to support the self-rule re- 
gime of the Palestinian Nation- 
al Authority in Gaza and Jeri- 

Agence France- Presse 

ALGIERS — A bomb attack killed five 
children and wounded 17 people in an 
Algerian cemetery on Tuesday during 
Martyr's Day commemorations, as an Is- 
lamic fundamentalist leader warned of in- 
creased violence against the regime. 

The blast ripped through a contingent of 
Muslim Scouts in Mostaganem. 2 SO kilo- 
meters (170 miles) west of Algiers. The 
Scouts were attending a ceremony to mark 
the 40th anniversary of the start of the war 
for independence against France. 

2 Arrested 
For Murder 
Of U.S. Boy 
In Italy 

By Alan Cowell 

New York Times Service 

ROME — After a 34-day 
hunt described as one of the 
biggest of its kind, police in 
southern Italy announced Tues- 
day that they had arrested two 
men in connection with the kill- 
ing of Nicholas Green, a 7-year- 
old American boy who died 
when highway robbers opened 
fire on his family's rental car in 

Police officials identified the 
men as Francesco Mesiano. 21. 
and Michele lannello. 26. The 
officials said they were thought 
to be petty criminals rather 
than members of the 'Ndrangh- 
eta organized crime syndicate 
that flourishes in the Calabria 
area where Nicholas was killed. 

But, the police said, investi- 
gations were continuing to seek 
the men’s accomplices. Stung 
by the impression of lawless- 
ness created by the killing. Ital- 
ian authorities deployed hun- 
dreds of police and 
paramilitary carbinier! in the 
hunt More than 1,000 people 
bad been interviewed during 
the investigations leading to the 
arrest of the two men. police 
officials said. 

“There is a feeling of relief 
after this terrible event” Nich- 
olas’s father, Reginald Green, 
said on Italian television Tues- 
day night “We are glad they 
were caught so they cannot at- 
tack other people." 

The death of Nicholas Green 
stunned many Italians, and 
produced a paroxysm of na- 
tional soul-searching when his 
parents donated his organs for 
transplant an unusual practice 
in a land more used to vendetta 
after violent death. 

The Green family, from Bo- 
dega Bay, California, was driv- 
ing on the A3 highway between 
Salerno and Reggio di Calabria 
when die assailants struck. 

The 7-year-old was shot in 
the bead on Sept 29 and died in 
a hospital on Oct 1. 

Parts of his body, including 
his heart, liver and kidneys, 
were donated to eight patients 
awaiting transplants in Italy. 
All of them survived the trans- 
plant surgery and have been re- 
ported recovering well. 

Rabin Calls 
Israeli Unit * 
A ‘Failure’ 
Under Fire 

By Clyde Habennan 

New York Tunes Service 

JERUSALEM — In an un 
usual attack on his own armed 
forces, Prime Minister Yitzhak 
Rabin said Tuesday that Israeli 
soldiers in southern Lebanon 
had shown themselves to be 
failures dining a weekend battle 
against guerrillas from the pro- 
Iranian Hezbollah, or Party of 

Mr. Rabin's remarks were the 
harshest by a senior official in 
an acrid national debate that 
has followed fighting on Satur- 
day in which an Israeli soldi dr 
was killed near the Lebanese 
village of Dabshe. 

For many Israelis, more jolt- 
ing than his death was the fact 
that Islamic guerrillas had con$e 
so dose to an Israeli outpost 
that they were able to plant the 
flag of Hezbollah there while 
videotaping the entire opera- 
tion. j 

They later distributed the 
video, and it was shown on IS* 
raeli television. It intensified? 
the national shock and fueled 
predictions that emboldened 
Muslim fundamentalists would 
step up their raids on the buffer 
strip in Lebanon that Israel has 
occupied since 1985. 

— — < ■ -i— i— — — — ■— — — ... — ■■■ ■■■■■.■ ■ — «i.i — Israel has proclaimed the ter- 

T A TS~n ritoiy to be its “security zone" 

LAKE: bi Indio, Another Casualty of the Kashmir War Jgjg? attacks on its northern 

Critics seized on the failure 

Hocnc Zaouw/A&sncr Fmace-Pttae 

Algerians holding a flag Tuesday near ex-PresWent Mohammed Bowfiaf s tomb during an anti-fundamentalist rally. 

Bomb Blast in Algerian Cemetery Kills 5 Children 

The explosion was the first directly to 
target children since Muslim fundamental- 
ists began waging a guerrilla war against 
the army-backed regime in January 1992. 

Another bomb blew up almost simulta- 
neously, slightly wounding a Moudjahid 
veteran of the 1954-62 war of liberation, in 
the Kariznia cemetery in Chief, 150 kilo- 
meters southwest of the capital security 
officials said. 

The banned Mamie Salvation Front, 
meanwhile, warned that violence would 
increase and challenged President Liamine 

Zerooal, who on Monday announced pres- 
idential elections by the end of 1995. 

“Algeria is in a state of war,” said An- 
war Haddam, the leads' of Islamic Front 
members who won parliamentary seats in 
the first round of general elections in De- 
cember 1991 before the army canceled the 

“There wflj be no dection, that’s a 
promise,” Mr. Haddam said, according to 
the Paris-based radio France Info. “There 
can quite simply be no election in these 

Contained from Page 1 

cies of red deer. Similar accusations of poaching 
have been made against guerrillas seeking refuge 
in the Manas Tiger Reserve that straddles norm- 
eastern India ana Bhutan. And a vast population 
of wildlife and birds have been eliminated across 
war-torn Afghanistan. 

The civil war in Kashmir has increased the 
pace of environmental destruction to Dal Lake. 
Seasonal tourist hotels have bran turned into 
year-round military barracks that pump tons of 
raw waste into the lake. The illegal slashing of 
mountainside forests by the military and its 
opponents has generated huge amounts of silt 
And international aid organizations have sus- 
pended their prewar programs to control pollu- 
tion in the lake. 

Governmental officials and other observers 
say that trees, lakes and animals rank low on the 
priority list in places, like Kashmir, Af ghanistan 
and Somalia, where civil and tribal wars threaten 
the existence of humans. 

“When thousands of people have been killed, 
no one is going to think and talk about wildlife,” 
said Noorul Hassan. who served as chief of the 
Kashmir Valley forest service for more than 
three decades before his retirement “If a few 
hundred deer have been killed, so what?” 

Environmentalists warn that if forests, waters 
and midlife are not protected in these regions, 
there may be little left to sustain local popula- 
tions once the political problems are resolved. 
Nowhere is that more evident than on Dal Lake, 
where several war-related environmental abuses 
have converged to threaten the livelihoods of* 
thousands of people and the existence of an 
ecological gem. 

In the last 50 years, the lake has shrunk to 
about half its original size. And almost two- 
thirds of the remaining 4.6 square miles (12 
square kilometers) has become smothered by 
vegetation in the four years since the civil war 
began and India posted 500,000 troops in the 
state of Jammu and Kashmir, according to Ra- 
sheeduddin Kundangar, a scientist at Srinagar's 
Sri Pratap College. 

Most affected are the 3,000 lake people, who 
farm their vegetables on unusual floating islands 
built from reeds. 

Pollution is reducing their catches, forcing 
more of them to build more “islands,” which 
diminish the water area. The impenetrable mats 
of weed have reduced the mobility of a society in 
which all movement and commerce takes place 
on water. 

Watermen now are being forced to sell vegeta- 
bles on the streets of Srinagar or to push their 
children into carpet weaving to help their fam- 
ilies survive: 

To be sure. Dal Lake suffered from serious 
pollution problems before the civil war began. 
When it was a tourist havai. more than 1,000 
houseboats ringed the lake and dumped untreat- 
ed sewage into the water. The 700.000 residents 
of Srinagar, which has no water-treatment sys- 
tem, have customarily used the lake and nearby 
rivers as toilets, sinks and wash basins. 

But just as international aid organizations 
were b eginning to pump milli ons of dollars into 
programs, war erupted and all outside efforts 
were suspended. What few government projects 
were under way became public-works programs, 
aimed more at giving local contractors jobs than 
preserving the lake. A $225,000 settlement basin 
was btrilt to control soil runoff into the lake, but 
it never was put into operation. 

On the steep hillsides above (he fake, Indian 
military officials, Kashmiri militants and impov- 
erished natives are taking advantage of the lack 
of regulation to strip the mountains of their 
forest cover. The resultant silt is changing nutri- 
ent balances and abetting the growth of algae 
and lake-clogging vegetation. 

Token governmental efforts to control some of 
the problems have been misguided, according to 
Mr. Kundangar and other scientists. Giant weed 
harvesters troll the lake but prune only the tops 
of the water weeds, making the plants grow even 
faster. Mr. Kundangar said. 

But most disturbing to scientists has been the 
appearance of red algae, which thrives in pollut- 
ed and stagnant water and spread over wide 
portions of Ihe lake this summer. 

When the patches first appeared two years 
ago, the lake dwellers believed U was the blood of 
the thousands of Kashmiris killed during the 
civil war. 

of Israeli soldiers to charge the 
attackers with guns blazing as 
evidence that an army long her- 
alded for its aggressiveness had 
gone soft On the political right, 
some blamed the problem oh 
Mr. Rabin’s peace talks with 
the Arabs. In their view, the 
negotiations have confused and 
demoralized soldiers, weaken- 
ing their discipline and making 
them unwilling to fight 

Rafael Eitan, a former army 
chief of staff and leader of the 
far-right Tsomet Party, said 
that the prime minister had as- 
signed senior officers to con- 
ducting negotiations with the 
Palestinians and therefore, he 
said, they were not “preparing 
the army for a state of war.” 

The Jerusalem Post, a steady 
critic of Mr. Rabin's peace poli- 
cies with the Palestinians and 
Syria, said in an editorial IN* 
the government s rosy* visions' 
of peace had led soldiers lo fo- 
cus on their own survival The 
attitude, the newspaper said, is: 
“The land being defended is to 
be forfeited. Why risk one’s life 
to defend it?” 

Government officials were 
outraged by such rightist at- 
tacks, accusing the critics of ex- 
ploiting a military setback for 
political gain. Nonetheless, they 
agreed that the soldiers at 
Dabshe had performed badly. 

Major General Yitzhak Mor- 
dechar, Israel’s northern army 
commander, also accused his 
soldiers of abandoning their 
posts and then not pursuing tbfe 
guerrillas with enough force. 

J. Pope-Hennessy: 

KIDN AP : Terrorists Focus onTourists Off Beaten Path ^ at 80 , :: 

small but important weapon in MllSeUHI Direct*)* 

Continued from Page I 

Office advice, he said: “It isn’t 
foolproof. For example, we 
might not be reaching the stu- 
dent who's taken a year off to 
go round the world.” 

Foreign Minister Alain 
Juppe of France called the 
Cambodia killings an “odious 
and cowardly act” and asked 
that the body of the French 
victim. Jean-Mi chel Braquet, 
27, be returned to his family. 

Mr. Braquet, Mark Slater, a 
Briton, and David Wilson, an 
Australian, were taken hostage 
by the Khmer Rouge on July 26 
after a train ambush in south- 
ern Karo pot Province in which 
13 people were killed 
The Cambodian government 
said their bodies were exhumed 

Monday at an overrun Khmer 
Rouge base in Vine Mountains, 
about 150 kilometers (95 miles) 
south of the capital, Phnom 

Cambodia's second-ranking 
prime minister, Hun Sen. said 
the three men had been mur- 
dered despite protracted nego- 
tiations with the Maoist guerril- 
la group, which involved 
demands first for gold and then 
for a halt to Western military 
aid to Phnom Penh. 

In a coincidence, confirma- 
tion of the three men’s deaths 
came on the day that three Brit- 
ons hdd hostage in India by 
Kashmiri separatists were freed 
unharmed after a gun battle in 
which two policemen and one 
militant were killed. 

Hostage-taking has been a 

guerrilla arsenals, accounting to* Vw* rimes Service 
for about 7 percent of all inter- NEW YORK — John Popes- 
national terrorist operations Hennessy, 80, a former museum 
since 1968, statistics compiled director in Britain, an authority 
i J "" "* on the Italian Re naissa nce and 

the head of European painting 
at New York’s Metropolitan 

by an academic group show. 

The 10-year saga of Western 
hostages in Lebanon, which 
ended in June 1992 with the 
release of two Germans. Hein- 
rich Str&big and Thomas 
Kemptner, brought much pub- *“ e c * iuse was complications 
liniv hut liitli* tactim* pnin to from a liver ailment. 

Museum of Art from 1977 to 
1986, died Monday at his home 
in Florence. 

licity but little lasting gain to 
their pro-Iranian captors. 

The oxygen of publicity is 
vital to separatists in the J990s. 
Within hours of the freeing of 
the three Britons, spokesmen 
for Kashmir were distancing 
themselves from the kidnap- 
ping but being given time to 
explain their cause on radio. 

For investment information 

every Saturday in the IHT 


In London, Sir John was the 
director of the Victoria and Al- 
bert Museum Tram 1967 to 1973 
and the British Museum front 
1974 to 1976. He was the only 
person to have been director of 
both. i 

In.W?, ac cepied a dual 
position in New York as con 1 
sultative chairman of the De- 
partment of European Paint* 
mgs at the Metropolitan am) 
professor of art history at New 
York University’s Institute of 
Fine Arts. 

He fulfilled this double func- 
tion until 1986. when he retired 
and went to live in Florence; he 
continued to teach at the insti- 
tute for a part of each year. ‘ 










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Portugal * 

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[Curacao & Banana) * 

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Pag* 5 

Yiddish grew from medieval Ger- 
man dialects and includes words 
from Hebrew and Aramaic, two an- 
cient Semitic languages. Other ele- 
ments come from Romance and 
alavic tongues. It was the spoken 
language of more than three-quarters 
of the world’s Jews for 1,000 years. 

Today, Yiddish is rarely spoken 
outside communities of extremely 
Orthodox Jews, pockets of Eastern 
European emigrants or university 

. w hat prompted the death of Yid- 
dish? ‘There is no question the Holo- 
caust was the catalyst," Mr. Lansky 
said, “It took a generation after the 
Holocaust to catch our breath and 
move on." 

Short Takes 

After cars and trucks, recreational 
boaters are a major source of smog, 
says the UiL Environmental Protec- 

tion Agency. Beginning in 1998 it 
will require marine engine manufac- 
turers to sell cleaner-burning boat 
engines and motors for self-propelled 
water skis and sleds. Studies have 
shown that as much as a third of the 
gasoline that runs through two- 
stroke boat engines does not bum 
and is released into the water to 
evaporate into the air. 

A rare white buffalo calf that has 
attracted thousands of visitors to a 
Janesville, Wisconsin, farm is begin- 
ning to grow a permanent, darker 
coat. American Indians, however, 
still regard the calf as a sacred mes- 
senger symbolizing impending unity 
and prosperity, said the calf's owner. 
David Hdder. Before buffalo were 
nearly hunted to extinction in the 
late 1800s, the odds of an albino calf 
being bom were t in 10 million, ex- 
perts estimate. Now there are about 
130,000 buffalo and the chances are 

even less, according to the National 
Bison Association. 

Is life in some urban neighbor- 
hoods so dangerous that frightened 
people are justified in gunning down 
their neighbors? So argued defense 
attorneys for Daimion Osbv, then 17, 
accused of shooting two unarmed 
men, one 18 and one 28. He said they 
had they had been bullying him in his 
Fort Worth, Texas, neighborhood for 
over a year. 

The argument that he was simplv a 
victim of “urban survival syndrome" 
was enough to get him a hung jury. 
He is now being re-tried. The case is 
"unsettling and perhaps precedent- 
setting,” said Bok KahJe. a Detroit 
expert in criminal justice. 

The Reverend Michael Bell, who 
led Fort Worth's black ministers in a 
protest against the "urban survival 
syndrome" defense, said, “To sug- 
gest that the African American com- 

munity is so enveloped by violence 
that everyone with sense leaves home 
with a gun is racist and insulting." 

Fresh out of majoring in political 
science at Duke University. David 
Lauren, 22, son of the multimillion- 
aire clothing and home furnishings 
magnate Ralph Lauren, has started a 
monthly magazine called “Swing.” It 
is aimed at people in their 20s. 

Swing, the younger Mr. Lauren 
says, refers "to the idea that this 
generation is the swing vote and in- 
fluences public policy" and popular 
culture. As to the editorial format, "1 
like a magazine that you can read," 
he says. T don’t like a magazine 
where there are crazy graphics upside 
down and airplanes flying through 
the pages and funky things going on. 
The MTV generation can watch tele- 
vision to get that” 

International Herald Tribune. 

'Killer Bees Finally Arrive , 
Landing in a California Jail 

Los Angela Tima Service 

RIVERSIDE, California — 
A swann of the Africanized 
“killer” honeybees has finally 
reached California — landing 
inside a prison near Blythe, on 
the Colorado River, where they 
were promptly killed, officials 
have announced. 

“They’re here, and we’re g*> 
ing to have to live with them," 
the Riverside County agricul- 
tural commissioner, Jim Wal- 
lace, said Monday of the bees’ 
long-awaited arrival in Califor- 

That assumes — as experts 
do — that more bees will fol- 

The ones that prompted 
Monday’s announcement were 
found Oct. 24 and destroyed the 
mme dav by inmate fire fighters 
at the Chuckawafla VaJJey State 
Prison, authorities said. 

A basketball-sized swarm of 
bees landed atop a fence post 
about 50 feet (15 meters) from 
the pedestrian entrance to the 
prison. TTiey were doused with 
industrial-strength foam spray, 
then drowned in diesel fuel 

Exa minati ons at government 

laboratories later identified the 
bees as the hyper-defensive 
honey makers that have 
swarmed north from Brazil 
since their release there in 1 957. 


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•issued h Your None 
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to Prove AvdUsfify of Funds 
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avuilabie hr i n ve s tmenh wotfcMede in 
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svaine is &?Ssh 4 Gennai 

Dr. Jar. William A. Wright 
Attorney at Law 
US. Corpotaflem 5c»vtces, Inc. 

. JWMmortl Drive, Suite »10. . 
Sa cram ento, CaEfotnh 95821 
Fax (USA) 9167783-3005 m 

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Ron Jensen 

LORdOR T«L 71 3 M 5157 Fn 71 231 H 2 I 
Canada 7 *L 604 M 2 Bin Fn M 2 317 B 


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PdrBdta, FWWvCH-BOl LsegrataL 

Master Franchise Opportunity 

AlpfiaQraphlcs. tire 24-year worldwide leader In the quick print 
and related sen/ices industry Is seeking additional Master 
Franc Usees to develop our 330-store network. 

AlphaGraphics Is seeking Master Franchisees for selected countries 
in Africa, Asa, Europe. Latin America and the Near East. Consider 
your future as a Master Franchisee, developing franchise locations 
In your country of Interest. 

AlphaGrapMcs canters offer offset printing, electronic printing, 
computer-assisted graphic design, binding and finishing, and are 
tied together by our worldwide electronic network. 

AlphaGraphics currently operates high technology business 
service centers in Australia, Belgium, Brazil. Canada, China, 
Holland, Hong Kong, Hungary, Japan, Mexico, the Philllpines. 
Russia. Spain. Sweden, Turkey, the United Kingdom, the United 
States and Venezuela. New centers will open shortly in Chile, 
Germany. Saudi Arabia and Thdlcrtd, 

For an information packet oq our Master Franchise opportunity, 
please can Bill Edwards at 1 (602) 293-9200 or fax your request to 
1 (602) 887-2850. 

(If you are interested In a franchise In an existing AlphaGraphics 
territory, we will be happy to forward your request for Information 
to the appropriate Master Franchisee.) 

otsen m c£*>i m «»n 

PrintsrtopJ 0i The Futue 

3760 N. Commerce Drive 
Tucson, Arizona 85705 USA 

Master Franchises Available 

Ziebcrt TidyCar 

ISIlin =====■ will 

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Ziebart International Corp. 

P.O. Box 1290 • Troy, Ml 4B007-1290 USA 
TEL 1-810-5884100 • FAX: 1-810-588-0718 




; ■ We ire looking for 

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Piibli^nl Vilh TV Nrw York Toani and The ffo ih i H j W i ftw 

Middle East Priorities 

Hie North Africaii/ Middle East eco- 
nomic summit in Casablanca was de- 
signed to add an economic boost to the 
political boost already being imparted to 
this swath of countries by the American- 
sponsored Arab-Israeli peace talks. These 
countries are not exactly a “region”; they 
extend geographically from the Atlantic 
to the Gulf, and economically and social- 
ly from, the impoverished and feudal to 
the high-tech and democratic. No single 
summit, &o matter how ambitious its offi- 
cial and business sponsors, can point the 
way to smoothing out all their tensions. 
To have wise and hefty outside support 
for thinking in cooperative terms, how- 
ever, is bound to be a boon. 

In almost all the participating coun- 
tries, there is a slice or society that sees its 
and its country’s future in expanding 
international ties and in accepting greater 
dependence on formerly hostile or politi- 
cally remote neighbors. But there is also a 
constituency focused on protecting old 
special ways, domestic and international, 
and keeping tbe national culture more or 
less isolated from external contacts. The 
Casablanca conference and its program 
spin-offs, then, have become a forum in 
which each country was forced to define 
its very identity. In the short run, the 

dash between fundamentalists and mod- 
ernizers is likely to sharpen. 

The tangible result meant to emerge 
from Casablanca is a regional develop- 
ment bank with the special mission of 
fmanringjopu development projects. Cer- 
tainly tins fits the broad notion of 
strengthening the economic underpinning 
of peace. Hard questions need to be asked, 
however, about what a new bank win add 
to or take away from existing banks that 
will be eligible to join it and expected to 
finance it, and about how it win be nm. 

Hie West takes post-Woid War II (and 
post-Cold War) Europe as the model of a 
region’s turn from conflict to conciliation. 
But — a Mideast difference — the key 
players, Israelis and Palestinians, remain 
painfully divided about the wisdom of 
planning a common future. Even as the 
representatives of 60 nations were rallying 
in Morocco around the banner of regional 
integration, Israelis woe fencing out West 
Bank and Gaza day workers in the after- 
math of a Palestinian suicide bombing in 
Tel Aviv. A successful larger regional 
structure cannot possibly be built around 
a central core in which the principal actors 
are still struggling.' There the first focus of 
the region’s striving must remain. 


Presidential Security 

Two assaults on the White House in 
two months raise once again all the hard 
and painful questions about tbe presi- 
dent's security. In each case the assailant 
was apparently deranged, alone, using 
means that are within the reach of a great 
many people. In September the weapon 
was a small aircraft, and in Iasi Satur- 
day’s shooting it was a Chinese-made rifle 
of pre-Worid War H design, of which there 
are perhaps a million in the United States. 
That is almost more frightening than a 
purposeful conspiracy, for it is impossi- 
ble to foresee random acts of craziness 
and violence by people whose lives give 
no indication of their intentions. 

Everyone's first impulse is to say that 
the president’s security has to be para- 
mount — but it doesn't take long to see 
that an absolute rule won't work. The 
president lives in the middle of a big dty, 
in a building that is one of tbe country’s 
most heavily visited monuments. He lives 
a few seconds from the flight path of a 
major airport. Ova- the years the guarded 
perimeter of the While House has been 
pushed outward to include the Old Exec-’ 
utive Office Building to the west and the 
Treasury to the east. We suppose that the 
next suggestion will be to close the broad 
sidewalk along Pennsylvania Avenue or 
the avenue itself. And then what about 




possibilities that would do substantial 
damag e to the symbolism of tbe people’s 
government without achieving any great 
advantage in actual security. 

If safety were aQ that mattered, there 
would be a strong case for a presidential 
residence entirely away from this or any 
other dry. (That would be a repetition of 
earlier history, for Washington was es- 
tablished in what was then open country- 
side because the founders of the Republic 
feared urban mobs and riots.) But you 
can go only so far with the protective 
impulse without finally distorting the 
presidency itself, turning it into a kind of 
hidden-away institution and making the 
White House a kind of fortress. 

Security rules will always push in fa- 
vor of more distance between the presi- 
dent and the public. Presidents will al- 
ways push back in favor of more 
contact, and they will generally be right. 
But it means that they and the country 
will always have to depend heavily on 
the skill of the Secret Service — not to 
mention the fast reflexes and valor of 
private citizens like Ken Davis and Har- 
ry Rakosky, the passersby who wrestled 
Saturday’s gunman to the ground and 
prevented a second fusillade. 


Playing With Time 

Daylight is a gift of nature, but hu- 
mans have successively taken it on 
themselves to measure, subdivide, stan- 
dardize and even politicize nature's 
schedule. Once, the motive was to help 
ancient Egyptian farmers predict the an- 
nual Nile flood. In modem times, it is to 
synchronize everything from train sched- 
ules and prime-time television to working 
hours ami private appointments. 

Standardization has disconnected our 
docks and lives from strict local solar time 
as a sundial might measure it. It has also 
increasingly put governments in charge of 
the dock. That, along with increasing ur- 
banization, made possible the 20th centu- 
ry’s great leap forward in artificial time 
measurement — daylight savings time. 

The idea goes bade at least to Benjamin 
Franklin. The purpose, then as now, was 
to economize on fuel for axtifidally light- 
ing homes, businesses and public places 
in the evening. The opportunity comes 
from the early morning daylight “wast- 
ed” in summer, since most urban dwellers 
rise considerably later than the summer 
sun. Of course, no daylight is actually 
saved or even shifted from morning to 
evening. The only things that actually 
spring ahead and fall back are the num- 
bers on our clocks. 

By World War I, fuel rationing and 

increased urbanization made Franklin’s 
originally facetious proposal seem to 
some governments a practical necessity. 
Germany was the first country to official- 
ly establish daylight savings time, in 
1915. Britain followed a year later. Tbe 
U.S. Congress created both standard 
time zones and daylight savings time at a 
single stroke in March 1918. 

Farmers and rural dwellers prefer living 
by the sun, and they got Congress to repeal 
the daylight savings provisions soon after 
the war. That left states and localities free 
to decide for themselves until Congress 
again stepped in and enacted year-round 
daylight time during World War 0. With 
peace, local option returned. But since 
1966, Congress has repeatedly tried to 
nudge the nation toward uniform time- 
keeping. Everywhere but Hawaii, Arizo- 
na and half of Indiana, docks were 
turned back an hour on Sunday morning. 

Some Americans have felt the change 
mainly through this week's dramatically 
earlier sunsets. Others are glad that they 
no longer have to get up while it is still 
dark outride. But for most, Sunday morn- 
ing offered the chance to savor that rarest 
of modem treats, one precise and pre- 
cious hour liberated from the tyrannical 
thrall of man-made time. 


Other Comment 

Tbe Children and tbe Arts 

We want to support and nurture our 
artists and h umanis ts and the traditions 
that they represent And we want also to 
bring those traditions alive for literally 
millions and millio ns of children who too 
often grow up without opportunities for 
creative expression, without opportuni- 
ties for intellectual stimulation, without 
exposure to the diverse cultural traditions 
that contribute to our identify as Ameri- 
cans. Too often today, instead of children 
discovering the joyful rewards of paint- 

ing, or music, or sculpting, or writing, or 
testing a new idea, they express them- 
selves through acts of frustration, help- 
lessness, hopelessness and even violence. 

We hope that among tbe many contri- 
butions this committee makes it win be 
thinking and offering ideas about how we 
can provide children with safe havens to 
develop and explore their own creative 
potential Tbe arts and humanities have 
the potential for bong such safe havens. 
— Hillary Clinton, on ike new presid en tial 
Committee on the Arts and Humanities, 
as quoted in The Washington Post 

International Herald Tribune 



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On the Way Toward a Workable Intematiorud System 

N EW YORK — As the United Na- 
tions, founded in 1945, prepares for 
the transition from its first half century 
to its second, it is undergoing a pro- 
found intellectual and political trans- 
formation. History shows that those liv- 
ing in a revolution are often unaware of 
the dimensions of the changes taking 
place around them. 

Today, the United Nations does not 
have tbe time to await history's assess- 
ment; we must sort out the new con- 
cepts and changes as they unfold. 

We are witnessing a dramatic alter- 
ation in the threat to international peace 
and security. As globalization transforms 
economic relations, the link between 
worldwide development and internation- 
al peace grows stronger. For the United 
Nations, this has meant a renewed com- 
mitment to development as our primary 
task. But it is in peacekeeping that imme- 
diate concerns have arisen. 

The United Nations invented peace- 
keeping. The tasks which it now under- 
takes far transcend peacekeeping in its 
original sense. 

For most of the United Nations’ his- 
tory, peacekeeping has been a clear and 
simple concept. Member states have 
provided troops to serve under the sec- 
retary-general All parties to a conflict 
have welcomed than. The mission has 
been to help keep an agreed cease-fire 
and thus to keep the peace: Confronta- 
tion has not been expected. 

Peacekeeping today has become far 
more complicated. In the past four years, 
the United Nations has been called to 
more peacekeeping operations than in 
the previous 44 years. 

Some 70,000 civilian and military per- 
sonnel are now serving in 17 operations 
across the world Peacekeeping expendi- 
tures have more than doubled m just two 
years, to S3 J billion this year. 

The demand for operations, the num- 

By Butros Bntros Ghali 

The writer is secretary-general of the United Nations. 

ber of personnel, the budgets involved 
— all are of vastly greater magnitude. 

Today’s peacekeeping involves new 
situations ana new tasks. Peacekeepers 
have been sent to areas where there are 
no agreements, where consent to a Unit- 
ed Nations presence is sporadic and 
where governments do not exist or have 
limited effective authority. 

And peacekeeping is more than just 
keeping apart the waning parties. It may 

There (assigns that the system 
of collective security 
established in San Francisco 
nearly 50 years ago is finally 
beginning to tvorh as conceived. 

be aimed at protecting vulnerable popu- 
lations, delivering humanitarian relief or 
responding to the collapse of a state. It 
may entail restoring democracy or build- 
ing a foundation for national recovery. 
Often these tasks must go on at tbe same 
time, in the same theater of operations. 

These changes require greater involve- 
ment of regional organizations and ar- 
rangements- Such groups can help ease 
the financial and material burdens 
placed on the United Nations. They can 
provide special insights into conflict in 
their regions and can sometimes respond 
more quickly militarily. 

In mis second generation of peace- 
keeping, there are no easy solutions. 
Each operation is different. Each re- 
quires new concepts, in different combi- 
nations, often undertaken by multiple 

actors. The United Nations is working 
out the difficulties case by case. 

Today’s first major challenge is com- 
mand and coordination. 

in today's dangerous settings, mem- 
ber states and regional organizations 
have been cautious about placing their 
forces solely under UN command. But 
unity of command is essential. Nothing 
can lower die risk in the field like work- 
ing together — and nothing can increase 
it like the failure to do so. 

For a UN operation to proceed safely 
and effectively, it must coherently or- 
chestrate civil humanitarian and politi- 
cal efforts, under the protection of a 
unified military force. 

The second challeng e is simultaneous- 
ly fWrfing successful multiple operations 
by multiple actors. 

In Bosnia, the Security Council has 
mandated peacemaking ., which means 
negotiation, as well as peacekeep i ng- Too 

often in the past three years there has been 

little peace to keep, but these concepts can 
work effectively at the same time. 

If, however, peace enforcement were 
added to the mix, the other efforts would 
be undercut at nd die entire mission en- 
dangered. Realistically, no operation can 
use force in one part of the theater of 
conflict while serving as a neutral hu- 
manitarian mission and impartial part- 
ner to agreements in another. 

The thir d challeng e is the changing 
nature of conflict Today, conflicts and 
confrontations made state borders are 
more prevalent than interstate wars. 

But the United Nations cannot and 
should not intervene on behalf of every 
troubled nation. Not only are its re- 
sources limited, the UN Charter explicit- 
ly prohibits it from intervening in mat- 

ters essentially in ' the domestic juris- 
diction of a state. 

Yet in certain circumstances tbe Secun- 
ty Council can authorize action to address 
a local conflict; when a state requests u, as 
in Cambodia; when all semblance of state 
authority vanishes, as in Stomata; and 
when whole populations are staffed out 
for genocide, as in Rwanda. 

Under such conditions, the Security 
CoundJ is not 1 intervening in internal 
affairs. Rather 1 , it is acting, under the UN 
Charter, to maintain international peace 
and security. This means that the United 
Nations needs to bufld greater under- 
standing of the limited circu ms ta n ces in 
which such action is undertaken. 

The fourth challenge is the new region- 
aKsnu: Regional entities can enhance the 
efficiency and effectiveness of UN ef- 
forts for peace. Their involvement with 
the United Nations would further de- 
mocratize tbe international system. But 
the very features that make regional enti- 
ties effective may also make regional in- 
volvement seem threatening. 

Those dose to a problem and well 
equipped to handle it may also be too 
close to its living historical associations. 
In short, regional involvement may raise 
the old fears of regional hegemony and 
intervention. The methods of United Na- 
tions -regionai cooperation must be im- 
proved. We must take care that new re- 
gionalism does not become an alternative 
to multilateralism. The resurgence of 
spheres of influence and resultant rekin- 
dling of old regional hostilities would 
deal a serious blow to collective security. 

There are signs that the system of col- 
lective security established in San Fran- 
cisco nearly 50 years ago is finally begin- 
ning to work as conceived and that it is 
proving able to respond flexibly to new 
rhaTigngcs - We are on the way to achiev- 
ing a workable international system. 

77ie New York Tams. 

Canada: Stop Humoring the Spoilers and Make the Country Whole 

M ontreal — The 

Northrop Frye 

Canaria £5 a fulfiSiX 
iAh’s prophecy of the Peaceable 

mem of Isa- 

By Mordecai RichJer 

. wherein the lion would 
lie down with the lamb. Tbe heirs 
to two of the Western world’s 
seminal cultures, the En glish and 
the French, would share a nearly 
>ty, enviably blessed land, en- 
each other. 

Prime Minister Jean Cbrftien 
probably got it right when he said 
last Thursday, “I know it will be a 
yes’ for Canada when Quebeck- 
ers vote in next year’s referen- 
dum.” But Canadians, just in 
case, are bracing for a turbulent 
year, with acrimony the rule. 

Even as foreigners wonder i! 
Quebec will finally separate, the 
larger possibility is that the rest of 
Canada, weary of the endless, 
wasting quarrel will boot la Belle 
Province out of the confederation 
— a sentiment that separatist pol- 
iticians will do their utmost to 
provoke, as it would serve their 
narrow, xenophobic agenda. 

In tbe early 1960s, Pierre Elliot l 
Trudeau, returning home after a 
long sojourn abroad, discovered 
that francophone Quebeckers had 
abandoned their Holy Mother 
Church and freed themselves 
“from an atavistic vision, only to 
throw themselves under the shad- 
ow of a new faith; Holy Mother 
Nation. Tribalism.” This, the for- 
mer prime minister ventured in his 

memoirs, “would lead directly to 
doctrinaire separatism.” So it did. 

And now, as in the past, U.S. 
citizens will be courted by feder- 
alists and. separatists and asked to 
take sides in our family dispute. 

Some time next year, Jacques 
Parizeau. Quebec’s newly elected 
premier, is bound to descend on 
Washington and New York blow- 
ing smoke. He will pronounce 
Quebec's independence inevita- 
ble. But, far from being inevita- 
ble, it is not even likely. A clear 
majority of Quebeckers don't 
want a divorce. 

The separatist Parti Qu6b6cois, 
led by Mr. Parizeau, bad to settle 
for a disappointing victory in the 
provincial election of Sept. 12. 
Campaigning a gains t an unpopu- 
lar, exhausted nine-year-old Lib- 
eral government, it did take 77 
seats to the Liberals’ 47 in Que- 
bec’s National Assembly, but out 
of the 3.9 million votes cast, its 
majority was merely 16.000. 

Furthermore, many Parti Que- 
becois supporters told pollsters 
they wanted a change of govern- 
ment but would not endorse sepa- 
ration. The last time the pulse was 
reported, on OcL 16, only 32.8 
percent said they would vote for 
separation in a referendum. 

And so Quebec’s eventual Ref- 
erendum II, the Sequel promises 
to yield the same result as tbe first 

one, in 1980: 60 percent for con- 
tinued federation, 40 percent for 
wbat the Parti Quebecois is 
pledged to call evasively, “sover- 
eignty” in its referendum question. 

The reason for that dodge is 
that more Quebeckers would vote 
for sovereignty than for indepen- 
dence. According to the polls, a 
quarter to a third actually be- 
lieve that they can be sovereign 
yet remain a part of Canada and 
send legislators to Ottawa. It is 
not in toe separatists’ interest to 
disillusion them. 

Going into this past Septem- 
ber’s election, a triumphal Mr. 
Parizeau promised a referendum 
in eight to 10 months. Visibly 
shaken by toe results, he began 
to backpedal, yet recently as- 
sured us. unequivocally, of a ref- 
erendum before toe end of 1995. 

Bui toe separatist cause flies on 
two wings. Its Ottawa wing, toe 
Bloc Qucbtcois. led by Luden 
Bouchard, won 54 seats in toe 
1992 federal election. And in Al- 
ice in Wonderland Canada, the 
perpetually seething Mr. Bou- 
chard, intent on dismembering 
toe nation, also fills toe office of 
leader of Her Majesty’s Loyal 
Opposition, our traditional gov- 
emment-in-waiting. He does not 
want to step up to tbe plate only 
to be called out on strikes. 

Compounding uncertainties, 

Mr. Parizeau has said (hat if he 
loses Referendum n, he might 
call for a third, maybe even a 
fourth. In short, the confedera- 
tion might have to submit to a 
good-taste test once every decade. 

In 1991, Mr. Parizeau dug into 
his pocket to offer money to a 
group of young touts. Action Que- 
bec, who scoured Quebec’s eastern 
townships, where the English and 
French get along just fine, for 
signs, even restaurant menus, con- 
taminated by such words as “sun- 
dae” and “hamburger.” 

Once thrust into office, in a 
calculated insult to Montrealers, 
40 percent of whom are non-fran- 
cophone, he appointed Camille 
Lanrin, toe politician they loathe 
above all to handle toe province’s 
Montreal affairs. 

It was Mr. Laurin who intro- 
duced Bill 101 in 1977. It pro- 
nounced French the province’s 
only official lan g ua g e, declared 
hi lingual commercial signs Ille- 
gal and ruled that wherever chil- 
dren came from, even other pro- 
vinces, they had to be educated 
in French, unless one of their 
parents had been to an English 
school in Quebec. 

Mr. Latum is especially dis- 
liked, even feared, by Montreal's 
Jewish community, diminished 
by toe continuing exodus of its 
educated young. 

Quebeckers, myself included, 
are injustice collectors, still 

Mexico: Political Murder Could Short-Circuit Reform 

S AN DIEGO — In Mexico 
there are no lone-gunman the- 
ories. After Josi Francisco Ruiz 
Massieu, secretary-general of toe 
governing Institutional Revolu- 
tionary Party, was gunned down 
tm ScpL 28, in the second high- 
level political assassination in tit- 
tle more than six months, the ru- 
mor-prone society conjured ela- 
borate theories of political in- 
trigue, personal revenge, family 
ties and drug t rafficking. 

It is impossible to know which 
if any of these interpretations is 
correct But as Mexico heads to- 
ward tbe inauguration of a new 
president on Dec. 1, the assassi- 
nation theories, and what under- 
lies them, have profound implica- 
tions for the country’s future, its 
political system and its relation- 
ship with toe United States. 

Consider one common view of 
toe murder plot: that it was toe 
work of Colombia-connected 
drug lords seeking to intimidate 
Mr. Ruiz Massieu’s brother, 
Mario Ruiz Massieu, a deputy 
attorney general who was crack- 
ing down on traffickers. 

Tbe explanation makes little 
sense. If that was their purpose, 
why wouldn't they have attacked 
Mario himself? Still it has a cer- 
tain appeal because it holds toe 
comforting implication that Mex- 
ico was toe victim not of internal 
rifts but of alien forces. 

A second theory depicts toe 
murdea' as a desperate rearguard 
action of anti-democratic reac- 
tionaries opposed to any political 
transfo rmati on. Like the PRI 
presidential candidate Luis Don- 
aldo Colosio, murdered in Tijua- 
na last March, Mr. Rniz Masseu 
in this view was a martyr for de- 
mocracy. And his lottery despera- 
tion shows that time is on the 
refonnexs* side; toe more rapid 
the political liberalization, the 
weaker the opposition will be. 

A third view, an a m a l gam of 
the first two, holds that the assas- 
sination was the product of an 
alHancfc between hard-line politi- 
cians and rising narcotraficantes. 

“The most solid hypothesis,” 
said Mario Ruiz Massieu, who 
has taken charge of the investiga- 

By Peter H. Smith 

tion of his brother’s death, “is 
that it was a strictly political af- 
fair, with toe help or with toe 
financing of the drug traffickers.” 

This allian ce is not an ephemer- 
al arrangement of convenience, he 
says, but a compact with long- 
term ambitions. “I believe drug 
traffickers have used a group of 
resentful or archaic politicians 
who don’t want change or mod- 
ernization of political life,” he told 
a radio interviewer. “They have 
used them, and they have financed 
this operation and future operaj 
lions that could have taken place.” 

His brother was. perhaps, just 
toe first name on a long hit list. 

However shocking, ail these 
theories derive From undeniable 
realities. One is the presence and 
power of drug cartels. Mexico 
supplies more than 20 percent of 
the heroin and 60 percent of the 
fordgn-grown marijuana avail- 
able in UJ5. markets. About half 
toe cnrftine that enters toe United 
States passes through Mexico. 

This illicit commerce has 
strengthened existing gangs and 
led to new ones, notably the Gulf 
cartel in toe northern state of Ta- 
maulipas, linked to toe formida- 
ble Cali cartel of Colombia. 

These cartels are making efforts 
to penetrate tbe Mexican political 
and law-enforcement apparatus. It 
is toe only way an illegal business 
can hope to survive. Whether or 
not (hey were involved in the 
slaying of Mr. Ruiz Massieu, it 
can be assumed that drug king- 
pins are forming coalitions with 
political accomplices. 

These alliances are emerging in 
an atm osphere of unusual politi- 
cal uncertainty. Within the PR], 
traditional politicians bitterly re- 
sent the changes that have 
Stripped than of their long-stand- 
ing bases of power and privilege. 

So far, two political figures 
have been named in the Ruiz 
Massieu investigation, and one. 
Congressman Manuel Mufioz 
Rocha of Tamaulipas. has appar- 
ently acknowledged his role in the 
plot. The basic questions are; 
How far has the process gone? 

How high is toe infiltration? 

It would be naive to assume 
that only old-fashioned politi- 
cians are susceptible to overtures 
from dreg cartels. Corruption 
obeys no ideology. 

This makes another statement 
of Mario Ruiz Massieu s especial- 
ly suggestive; “We arc doting one 
chapter and opening another, 
with names of people from a 
higher level of politics and a 
stronger political presence than 
Congressman Mufioz.” 

As a result of social strains, the 
six-year administration of Presi- 
dent Carlos Salmas de Gortari 
has seen more violence than any 
presidential term in recent memo- 
ry. Added to this is the political 
vulnerability of President-elect 
Ernesto Zedillo Ponce de Ledn, 
toe capable but uninspiring tech- 
nocrat who replaced Mr. Colosio 
at the top of toe PRI ticket. 

He had little time to campaign 
and few connections in toe party, 
so he had to reach a bargain with 
old-line “dinosaurs” in toe PRI to 
assure his election. Despite his 
impressive victory on Aug. 21, 
pollsters agree that his popular 
mandate is not for rapid change 
but for stability and continuity. 

In this context, the slaying of 
Jose Francisco Ruiz Massieu as- 
sumes transcendent significance. 
He was dose to Mr. Satinas, hav- 
ing been married to one of toe 
president’s sisters, and politically 
dose to Mr. Zedillo, perhaps des- 
tined for a major cabinet position. 

More important, he was crucial 
to helping Mr. Zedillo maintain 
his shaky alliance between reform- 
ers and traditionalists. Known os a 
“baby dinosaur.” Mr. Ruiz Mas- 
sieu could work with both wings of 
the PRI. Tbe prime consequence 
of his murder, if not its motivation, 
is to threaten Mr. Zedillo's project 
for gradual political reform. 

All this poses formidable chal- 
lenges for the president-elect. He 
cannot regain legitimacy for tbe 
system without achieving credible 
solutions to the Ruiz Massieu and 
Colosio assassinations. 

Beyond that, he may have to 

make a choice — between his bar- 
gain with PRI old-liners and rap- 
id political change. If reform via 
consensus proves impossible, he 
may be tenanted to discard plans 
for political liberalization and 
turn toward old-guard politicians 
to maintain social peace. That 
would mean repression. 

Acceleration of political re- 
form would be a difficult deci- 
sion. It would entail not only a 
more open political process at na- 
tional state and local levels but 
also tolerance for the opposition, 
real freedom of the press, attacks 
on high-level corruption and pro- 
tection of human rights. 

And it would meet resistance; 
reaction and possibly new out- 
bursts of violence. But in toe long 
run, it may well become Mr. Ze- 
dillo’s only plausible alternative. 

brooding over past insults. 1 can 
remember when Quebec nation- 
alists, during World War fl, were 
ardent supporters of Vichy, and 
the', time m 1941 when they 
marched down toe main street of 
our' working-class neighborhood 
chanting “Death to the Jews!’’ 

Francophones can recall when 
En g lish-speaking clerks in Mon- 
treal department stores refused to 
serve them in their own language. 

But if today’s Qufebfcois na- 
tionalists can be accused of trib- 
alism, die majority are certainly 
no longer anti-Semitic, and they 
now control most of the pro- 
vince’s economic levers, which is 
as it should be. Furthermore, toe# 
are indispensable to Canada — - 
they make tbe country whole. 

If we are to have a referendum 
in 1995, the best result would be a 
decisive 60-40 either way. and toe 
worst result 52-48 for federalism 
or separation. 

Some 550,000 of Quebec's 
760,000 remaining anglophones 
are rooted in toe greater Montreal 
area, and in the unlikely event 
that separatists should prevail 
half have said they would leave; 

Should the separatists win by a 
small mar gi n , the rest of Canada 
would argue that such a majority 
was not sufficient to break up a 
country. If they lose by a small 
margin, they will bitterly blame 
the anglophones. 

Negotiations could go on for 
years. There could be a ran on the 
Canadian dollar. Dividing the na- 
tion’s spoils as wefl as responsibil- 
ity for a $550 bflhoa national debt 
would create another problem. 

If, as conventional wisdom has 
it, federalists should win with a 
60-40 plurality, then there would 
still be a sizable minority of Que- 
beckers bristling with discontent 

Any way you look at it, post- 
referendum Quebec will be a 
bruised and unhappy place -4. 
and a healer will be called for. 

That office just might be filled 
by 36-year-old Jean Charest,- 
leader of tbe decimated Tories. 
The engaging Mr. Charest, flu-, 
ently bilingual is easily the most • 
popular federalist in Quebec and £ 
is not without admirers in the rest ■ 
of Canada. He could be toe coun-.- 
try’s last best hope; however, he ; 
remains largely untested. 

Meanwhile, yesterday’s dream' 
of a Peaceable Kingdom is now 
threatening to become tomorrow's - 
most unnecessary nigh unare. 

The writer is director of the Cen- 
to • for Iberian and Latin American 
Studies at the University of Califor- 
nia, San Diego. He contributed this 
comment to The New York Times. 

Mordecai Richter, the novelist, 
is author most recently of "This 
Year in Jerusalem. " He contrib- 
uted this comment n- The New 
York Times. 


1894: Death of die Czar 

der I IPs sufferings ended in death 
at twenty minutes past two 
o’clock. Tbe entire metropolis is 
profoundly moved and the 
churches are crowded with sad- 
faced worshippers praying for toe 
soul of the dead monarch. [The 
Herald says in an editorial:} The 
death of toe Czar is the most im- 
portant event that has happened in 
Europe since tbe war of 187Q. 

1919: Peace Delayed 

PARIS — - Tbe Supreme Council 
of the Allies failed again to name 
the day for toe official promulga- 
tion of peace. Further problems 
with toe protocol to tbe Treaty of 
Versailles providing for Germa- 
ny's compliance with Armistice 
terms mean that toe world will 
wait another month before the 
Treaty is made effective. [The Her- 

ald says in an editorial:] Four 
months after toe signature of toe 
Treaty — built up insecurely in 
seven months of diplomatic jock- ’ 
eying — it is discovered, with al- 
most comic bewilderment; that its 
conditions necessitate toe aid of 
elaborate mechanism - - for which 
preparations have not been made! 

1944: One World’s Sky 

CHICAGO — {From our New 
York edition;] The International 
Civil Aviation Conference of fif- 
ty-two nations heard a message 
from President Roosevelt calling 
for action to make toe- air a world 
ocean of peaceful commerce, with 
air transport toe first means of 9 
putting toe world once more on a 
peaceful basis. He declared strong 
opposition to “toe thought of cre- 
ating great blocks of closed air,? 
which, he warned, would amount 
to “tracing in toe sky the condf 
tions for possible future wars." • 

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^America’s Anarchic Binge: 
J Just Where Does It Lead? 

. <’ By Edwin 



nouse fence along Pennsylvania 
Avenue last Saturday afternoon and 
fired 20 or 30 shots from a Chinese 
Semiautomatic rifle at one of the 
-Avowed symbols of the Republic. 

, whatever dse it was,' his mea- 

4ong. anti-social act may well be a 
‘ sjenns parable of what follows 
- when- office-seekers take, as they 
ftave afl fall, virulent electronic pot- 
' *ois not just at one another but at 
me national symbols of political au- 
“""Sf — Congress above aH 
• c ^ lna ^ of cynical con- 

tempt bend the deranged mind of 
Mr. Duran? Even if it didn’t, where 
$ it taking us? 

• There has always been an anar- 
chic streak in American politics, the 
dark side of American individual- 
ism. Campaigns of insult and vflifi- 
qabon are as old as the natvwi But 
som e t hing hew has been added. 
Tats of anti-institutional vitriol axe 
now routinely sluiced in election 
Jasons on “government” or “Con- 
^ Jress” or, in a more genteel version, 
Jthe political class.” ■ 
i These trends are ampKfj«»H by 
television, which, in its power to in- 
dite gut emotionalism .dwarfs print 
and radio. Attack ads constitute a 
change not just of degree but of kind 

Enterprise for the Mideast 

Adnan KhasboggTs assessment is 
right on the mark (“Peace Needs 
Small Business, Which Needs Enter- 
prise Funds," Opinion, OcL 28). 
^merging governments have a sin- 
gularly difficult task in organizing 
Th emselv es for governance. "Their 
central focus is to develop the bu- 
reaucracy necessary to begin dr ex- 
pand the delivery of baric services to 
their constituencies: pubhc health, 
police protection and justice, public 
welfare and utilities. Their energies 
are strained to do these basic things. 
r Governments, rarely are capable 

- Letters intended far publication 
. should be addressed “ Letters to the 
, Editor" and contain the writer's si- 
gnature, namtandfvjl address. Let- 
> , tea : brief and are subject 
£ jo editing. We cannot be responsible 
\\ for the return of unsolicited ma - . 
I mscripts. - 

M, Yoder Jr. 

the sort of change that Marshall 
McLuhan had in min d 30 years ago 
when that student of mass media 
proclaimed that “the medium is the 
message,” H e argued that forms of 
communication create habits of re- 
sponse independent of. and ultimate- 
ly store consequential than, the “con- 
tent” of the me ssa g es they carry. 

His observation now appears pro- 
phetic. One thing universally no- 
ticed in recent political campaign*; is 
that voters are bored stiff by and 
mostly ignorant of “issues” — the 
content of politics — and respond 
only to the raw, visceral impression- 
ism of negative advertising. 

That is a big change since 1952, 
the year when televised political ad- 
vertising first emerged in a national 
election. Dwight Eisenhower’s pres- 
idential campaign put up television 
ads that are laughably innocuous by 
today’s scorched -earth, take-no- 
prisoners standards, although they 
at least addressed real concerns. 

Example: A “housewife” asks Ike 
about “the high cost of living." Ike 
mildly answers that “my Mamie” 
scolds him about the price of grocer- 
ies. Today, attack ads would proba- 
bly accuse his opponent, Adiai Ste- 
venson, of poisoning the groceries. 

Every election in the past 42 
years, with scarcely a pause, has 
seen television campaigning become 
more slick and licentious — emo- 

- - * - 

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^ hm 


'Stay out of the White House airspace — the Secret Savicehas something to prune.’ 

tional, simplistic, designed to stir 
fear and loathing, caricaturing can- 
didates and turning campaigns into 
cartoons, implying that Congress, 
government generally, and certainly 
politics are inherently wicked. 

It remained for the resourceful col- 
umnist Russell Baker to achieve the 
ultimate 1994 satire. He imagined a 
candidate for Congress who accuses 
his opponent, the incumbent, of go- 
ing to Washington. He promises, if 
elected, to stay at home in the district 
and not go near the place. 

This is known to logicians as re- 

ductio ad absurdum, reduction to 
absurdity. But this year the absurd is 
the reality. Almost. 

When Mark Twain wisecracked, a 
century ago, that Congress is “our 
only native criminal class." voters 
recognized it as a timely joke. Rail- 
roads and other corporations owned 
senators; many rank-and-file con- 
gressmen were on the take. Today, 
politics is cleaner, but office-holding 
per se is depicted as a corrupt act. 

My civilized and learned col- 
league George Will seems to track 
every political sin he writes about to 

the nefarious influence of a shadowy 
group he calls “the political class." 

Where is it taking us? A republic 
has only its institutions and creeds 
to bind the nation together. The un- 
relenting incitement of contempt for 
government proves more than is 
probably intended. Since election 
after election only seems, in the eyes 
of critics, to make the situation 
worse, the inescapable conclusion is 
that the system is too far gone to fix. 

But what alternatives do our mod- 
ern anarchis ts have in mind? 

Washington Post Writers Group. 


of delivering economic renewal — 
especially in areas where the infra- 
structure of economic development 
is embryonic or nonexistent Such is 
the case in Gaza and the West Bank. 

History continues to teD us that 
the eogine-af democracy is a viable 
economy. Governments are consti- 
tuted to govern; governments are not 
constituted to provide short-term im- 
provement to an economy, and rarely 
does government succeed in long- 
term economic improvement 

The “enterprise fund” paradigm is 
a tested, proven vehicle for achieving 
wnwMdiate economic growth in un- 
derdeveloped or emerging countries. 
Private enterprise, for all its warts, 
still offers the best hope for peaceful 
tr ansi tion and nation -building. 

I hope that those business leaders 
who met this week in Casablanca to 
forge ideas on the joint economic 
development of the Middle East have 
taken me tune to study Mr. Khashog- 
gfs pre s c ri pti on. These next few 
years may offer the best chance for 
achieving a lasting peace in the re- 

gion. The risks that its leaders have 
taken are significant ones. One would 
hope thai the West, and especially the 
United States, pays attention. 


Great Falls, Vi rginia. 

The UN Was ITiere 

Ramses Nassif writes of his dis- 
may that the United Nations “was 
not represented at the highest level” 
at the signing ceremony of the Jor- 
dan-Israel peace treaty ( Letters , Oct. 
28). Secretary-General Burros Bu- 
tnos Ghah was indeed invited to at- 
tend by both Jordan and Israel, but 
due to prior travel plans he was 
unable to attend. However, in view 
of the secretary-generaTs conviction 
that the United Nations should be 

E resent at such a historic occasion, 
e dispatched a high-level delega- 
tion to represeat him, headed by 
Undersecretary-General Terje Roed 
Larsen, the secretary-general’s spe- 
cial coordinator for ail UN assis- 

tance to the Palestinians in the occu- 
pied territories. 

The UN seat, therefore, was cer- 
tainly not empty in the Arava Desen 
last week. 

Spokesman for the 

United Nations, New York. 

Europe’s Debt to America 

Regarding the opinion column "If 
the Germans Were Poring to Rede- 
sign Europe” (Oct. 15): 

W illiam Pfaff seems to assume 
that modem European history be- 
gan with the unification of the Ger- 
man-speaking states of Central Eu- 
rope. More exactly, it commenced 
with the disintegration of the Ro- 
man Empire. Since then, the Conti- 
nent has seen an unending march of 
wars, destruction and killing. 

Somehow, Europeans believe 
that this history is the necessary 
prerequisite for all art, music, ar- 
chitecture. industry and mercantil- 

ism that survives. Truly, the issue 
does not center on any particular 
country, but on the nature of peo- 
ples. The continuing glories of the 
Goths, Visigoths, Ostrogoths, Van- 
dals and Franks do not require a 
true European union, only the sem- 
blance of one. 

The United States was founded 
and developed by people fed up 
with those continuing glories. So it 
is not difficult to understand Euro- 
pean chafing under the past 50 
years of Pax Americana. The exclu- 
sion of the United States from the 
European Union shows that the 
hundreds of billions of dollars that 
America squandered on rebuilding 
and protecting Europe are dis- 
dained — most of all in Brussels 
and Strasbourg. It is thus fitting 
and proper that the “new,” rebuilt 
Europe pay back these costs of the 
last 50 years to the American tax- 
payers who financed them. 


- San Antonio. Texas. 

Page 7. 

Bring the Euthanasia Drip 
Out Into the Honest Light 

By Thomas A. Preston 

S EATTLE — Not long ago I con- 
sulted in the case of a 65-year- 
old woman who had advanced heart 
disease and intermittent chest pain. 
For five days a bevy of doctors gave 
every test and treatment they could 
think of. Finally her attending phy- 
sician asked if there was anything 
else I thought he should do. When 1 
replied no. he said, “Then we’re go- 
ing to start a morphine drip.” 

Ostensibly, the doctor’s purpose 
was to kin pain. But we born knew 


that the morphine drip — a slow, 
continuous injection of the painkiller 
into a vein — would kill the patient, 
by gradually curt ailin g her breath- 
ing. Without it, she would probably 
have lived for days or weeks; as it 
was, she died in eight hours. 

There is no doubt that this practice 
is widespread. Any physician can do 
it in the hospital at any time. And 
while few doctors would openly prac- 
tice euthanasia, I have never found a 
colleague who thinks a morphine 
drip is wrong if die patient is dying. 

Medical ethidsts have a term for 
it: the “double effect.” Our intent is 
to relieve pain; death is (to use the 
ethicists’ jargon) a “foreseen but un- 
intended consequence.” 

Even the Catholic Church sees 
nothing wrong with such proce- 
dures: “It is not euthanasia to give 
a dying person sedatives and anal- 
gesics Tor the alleviation of pain,” 
says a 1975 directive from the Na- 
tional Conference of Catholic Bish- 
ops, “even though they may de- 
prive the patient of the use of 
reason, or shorten his life." 

But the morphine drip is undeni- 
ably euthanasia, hidden by profes- 
sional tradition and language. 

When physicians secretly and si- 
lently adapt a normal medical prac- 
tice to hasten dying, we are on shaky 
ground indeed if we say that they 
may not do so openly and honestly. 

The morphine drip differs from 
the popular conception of euthana- 
sia in two ways. The first is time. 

If a physician injects a patient with 
a highly lethal drug (or a sudden large 
dose of a drug like morphine), death 
ensues within seconds and any ob- 
server brands the act as euthanasia. A 
morphine drip takes time, and hospi- 
tal staff ana family come and go 
during the process. Death is gradual 
and appears to be of natural causes, 
and the doctor’s absence at the time 
of death dispels any association be- 
tween physician and dying. 

The second difference is stated in- 
tent. Physicians, wanting to ease their 

death, act within the boundaries ot 
normal medical practice. 

But any form of suffering can be 
interpreted as pain, and assessment 
of severity is a matter of j>rofession- 
al j udgm ent. If I administer mor- 
phine to a suffering and dying pa- 
tient to relieve pain, I am legal and 
e thical ; If I say it is to end her life, I 
am illegal *nd unethical. 

I am graceful for the help the 
morphine drip brings to many pa- 
tients. But the practice is society's 
wink to euthanasia, and it creates 
deception, medical paternalism and 
inequality of treatment For one 
thing, it says to physicians, “Practice 
covertly, and you will be all right” 

Is tins really what you want of 
your doctors? Do you want us to be 
equally forthcoming about whether 
you have cancer, or why we recom- 
mend bypass surgery, or why you 
need an experimental drug? 

Second, this covert form of eutha-. 
nasia takes the decision out of the 
handq of patients their families. 
Where physician-assisted suicide 
gives the decision to the patient the 
morphine drip empowers physicians 
to initiate and carry out the ultimate 
act of medical paternalism. 

Finally, since the morphine drip is 
at the discretion of physicians, its 
distribution is arbitrary and inequi- 
table. Most doctors who are willing 
to give morphine drips to dying pa- 
tients will reject overt requests for 
assistance in dying, for fear of legal 
trouble or professional censure. In- 
deed, by asking to die quickly, a 
patient preempts the physician, 
blows the ethical cover and doesn’t 
get what he wants. 

In a much-publicized report Last 
May, the New York State Task 
Force on Life and the Law conclud- 
ed that assisted suicide should not 
be legalized, in part because it could 
never be adequately regulated. But 
the panel did not acknowledge that 
physicians routinely end patients* 
lives with morphine drips. 

The necessary regulation win be 
possible only if we admit that eutha- 
nasia is widespread now. 

Only then can we turn the debate 
to the real issue: specific guidelines 
on who qualifies for aid in dying — . 
and how to be sure that the decision 
is made by the patient, not just for 
the convenience of the family, the 
doctor or the hospital. 

The writer is a cardiologist and 
professor of medicine at the Universi- 
ty of Washington. He contributed this 
comment to The New York' Times. 

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rvecmesaay, ctovemoer /, iyy*f 
Page 8 

Taking Film Noir 
To the Heartland 

With ‘Last Seduction , ? John Dahl 
Refines the Art. of Movie Murder 

By William Grimes 

New York Tima Service 

N EW YORK — The 
tine art of murder is 
a simple one, and 
John Dahl, the direc- 
tor of “The Last Seduction,” 
intends to keep it that way. 
*Tve always liked films with 
just a couple of characters in 
which things get twisted 
around,” he said in a recent 
interview in New York 
With just three films under 
his belt, Dahl at 38, has ac- 
quired a gnawing audience that 
thrills to his distinctive, updat- 
ed style of film near, like the 
seat practitioners of the genre, 
like his hero, Billy Wilder, Dahl 
starts with a basic premise. 
“Bleak, dark situations make 
for good drama,” he said. 

But in Dahl's fQms, it’s not 
the dark, rain-slicked streets of 
New Yoik or the seedy side of 
Los Angeles that evokes the 
moral dull of film noir. 

Dahl sticks to the world he 
grew up in, in Billings. Mon- 
tana. He finds his suspense in 
the wide-open spaces, dotted 
with claustrophobic small 
towns: places like Red Rock, 
the Wyoming town that leads 
its name to Dahl’s cult favorite, 
“Red Rock West, 1 * or Beston. 
the attractive little spot is west- 
ern New York that provides the 
setting for “The Last Seduc- 
tion,” which opened here last 
week. In his films, evil strangers 
stalk the heartland. An ill wind 
stirs the prairie dust 
“The first story I wrote in high 
school was about a guy who 
fakes his own death and heads 
out of town,” he said. *Tve al- 
ways been attracted to the idea 
of someone escaping his life and 
changing his name. Maybe that 
comes from growing up in a 
landlocked, isolated place.” 

In “Seduction,” it's not a he, 
it’s a she. And what a she. Brid- 
get Gregory, played by Linda 
Fioreatiao, establishes herself 
in the opening scenes of the film 
as bard, cold and ruthless. That 
turns out to be her soft side. For 

110 minutes, she does more 
than equal battle with her drug- 
dealer husband, assorted pri- 
vate investigators and the big- 
gest sap to hit the big screen 
since Fred MacMurray in 
“Double Indemnity.” Critics 
have turned themselves inside 
out to praise both Fiorentino 
and the blackly comic screen- 
play by Steve Baranrik. 

Dahl a quiet, studious-look- 
ing man with wire-rimmed glass- 
es, dressed in jeans, a green and 
black checked flannel shin and 
worn two-tone cowboy boots, 
does not look like the kind of 
person to stir the witch's brew of 
“Seduction.” His first reaction to 
Bridget was disbelief. 

“When I read the script,” he 
said, “I kept thinking, she can't 
be this bad; she’s just a mixed- 
up kid on a crazy trip; when will 
she pull herself together?” But 
there was no letup. “At first, I 
just wanted her lim n to get hit 
by a garbage truck at the end,” 
he said. “I wanted her to dia" 

Like Lucifer in “Paradise 
Lost” however, Bridget gets the 
best lines. She radiates charisma. 
"The scary thing is that some 
people root for Bridget and hope 
she gets away,” Dahl said, add- 
ing that he identified with Peter 
Bog, the dupe. “That’s alarm- 
ing. She’s a sociopath.” 

She's a sociopath who may be 
Dahl’s ticket out of cable televi- 
sion. where his last two films 
landed before being picked up 
for theatrical distribution. 

Dahl has done things slowly 
and patiently. After a false start 
as a music and painting student 
at the University of Montana, he 
studied film at Montana State, 
where he directed "The Death 
Mutants,” a sendup of Lbe hor- 
ror and science-fiction genres. 

After graduating from the 
American Film Institute in Los 
Angeles, where he was a direct- 
ing fellow, be worked in techni- 
cal jobs on film sets, and as a 
storyboard artist on films like 
“Robocop.” “Something Wild” 
and “Married to the Mob.” 

The next step was directing 


‘Gaucho’: Class Reunion in Exile 

By Sheridan Moriey 

ImemaUotul Herald Tribune 


Fred R. CwruIThf Kr> York Tin 

Dahl: "Bleak, dark situations make for good drama . ” 

music videos for Kooi and the 
Gang, Denise Williams and Joe 
Satriani At the same time, he 
wrote screenplays. “1 tried a 
couple of comedies, even a hor- 
ror film,” he said. “It didn’t feel 
right. But I felt that if I can't tell 
a story on paper, what business 
do 1 have being on the set as a 

Dahl avoids stylistic hallmark 
of the genre like stark, moody 
fighting or tight-lipped dialogue. 
"The movies I Uke are good sto- 
ries about interesting people, as 
opposed to interesting stylistic 
choices.” be said. 

“It’s easy to write 30 pages of 
twists,” he said. “The hard part 
is resolving the plot logically, 
keeping it motivated by the 
characters. That's why there are 
so many unsatisfying thrillers ” 

Dahl is preparing to direct 
his fourth thriller. “Unforgetta- 
ble,” the story of a medical ex- 
aminer who uses untested mem- 
ory drugs on himself in his 
pursuit of a killer. It will be 
noir. “How else can you deal 
with moral questions without 
standing on a soapbox,” Dahl 
said. “It’s a rich way of telling 
interesting moral dilemmas and 
still entertain.” 

ONDON — We are an 
ungrateful lot: We 
complain that not 
enough of our contem- 
porary playwrights are writing 
state-of-the-nation dramas any 
more, and yet the leaders in a 
small field, David Hare and 
Doug Lucie, tend to get more 
savagely reviewed thin those 
who flee to other times or places 
for inspiration. To be sure, Lu- 
cie’s “Gaucho” (at the Hamp- 
stead) is no classic, and be has 
perhaps been unwise to direct 
himself, bat in there somewhere 
is a better play than most of my 
colleagues would have you be- 

Lucie has taken the old, fa- 
miliar format of a group of Ox- 
bridge college pals reunited 20 
years on, the format of Simon 
Gray's "Common Pursuit” and 
Kenneth Branagh's "Peter’s 
Friends” to quote the two most 
recent examples, except that we 
are no longer on home territory. 
“Gaucho” is set on a Greek 
island apparently solely owned 
by Declan (Tim Mclnncmy in a 
charismatic performance), who 
is a drug dealer but only, he 
reassures us, in the soft stuff. 
He is, however, not above hav- 
ing a photographer killed. 

This is, therefore, a violent 
melodrama as well as a political 
and social thriller as though 
conceived by an unholy alliance 
of Quentin Tarantino and Fre- 
deric Raphael Onto a plot about 
drug running has been grafted a 
social history of Britons in per- 
sonal and professional exile over 
the last two decades. Thus we get 
an alcoholic Etonian so trans- 
parent that even the Conserva- 
tive Party could see through him, 
a predatory female journalist 
and assorted other human detri- 
tus washed op on the banks of 

What seems to me best about 
Lude is that he is not afraid of 
blatant, barnstorming theatri- 
cality. Declan rages around the 
stage and his destructive, de- 
stroyed life like a ghost from a 
John Osborne melodrama. De- 
clan is no better than his con- 
temporaries who have stayed 
nominally inside the law, but at 

Julia Lane, Tim Mclnnemy and Phyllis Logan in Doug Lucie's "Gaucho. " 

least be knows it and can write 
the premature epitaph for his 
generation of achievers run to 

Lucie is not afraid either of 
the grand stage gesture, or of 
dialogue redolent of grease- 
paint. “We have to trust dan- 
gerous men,” our hero tells us, 
and, of his island hideaway he 
says, “Close your eyes and you 

Curtain Up on a New Stage for Paris Opera Ballet 

By David Stevens 

International Herald Tribune 

P ARIS — With the Pa- 
lais Gander closed for 
repairs until 1996, its 
principal tenant — the 
Paris Qpera Ballet — is em- 
barking on a new chapter in its 
long history. In the interim the 
company will be performing in 
the expanse of the Opera Bas- 
tille, and even when Gamier 
reopens for business, the ballet 
and the opera will share the use 
of the two houses. 

This is more than a mere 

change of venue. Whereas the 
opera had almost no usable rep- 
ertory to speak of and more or 
less started from scratch at the 
Bastille, the ballet has a large 
permanent company ( 162 danc- 
ers at the moment) and a big 
repertory to keep as active as 
possible. Much of that reper- 
tory was conceived within the 
ornate frame of the Palais Gar- 
nier, and the dancers are going 
to have to get used to dancing 
on two quite different stage 

For the traditional and spec- 
tacular season opener — the 

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Tel: 5128843. Air condikomd. 80m. Opera. 
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“Grand Dfefiifs” in which the 
entire company parades onto 
the stage in hierarchic order to 
the march from Berlioz’s “Tro- 
jans” — the Palais Gamier it- 
self was part of the show. 
There, the stage is opened up 
to its full depth, culminating in 
Charles Gamer's lavishly dec- 
orated and chandeliered Foyer 
de la Danse. For many in the 
audience, it is the only chance 
to see this inner sanctum, out- 
side of an occasional Degas 

No such breathtaking decor 
is available at the Bastille, so 
instead of trying to imitate 
Gamier, the company came up 
with a new idea linked to the 
much-contested architecture 
of the new house. The troupe 
enters via a curved descending 
ramp (designed by Fran^oise 
Seguin) that opens onto the 
stage proper through an angu- 
lar frame modeled after the 
arch that fronts the Opera Bas- 

It is still quite a spectacle, but 
all the same, one that should be 
seen in its original setting. 

Then comes “Palais de Cris- 

Balanchin e-Robbins 
It was conceived by George 
Balanchine as a tribute to Bizet 
and the Paris Opfera Ballet, 
which gave its premiere in 1947 
at the Palais Gamier. On that 
occasion, Lfeonor Fini's pala- 
tial stage setting seemed to be 
inspired by and compete with 

Gamier's interior. It was an im- 
portant part of the show. 

Later the ballet became 
more famous in the New York 
City Ballet’s undecorated ver- 
sion, renamed “Symphony in 
C.” Even in Paris, Fini's ba- 
roque palace is long gone, al- 
though the richly colored cos- 
tumes still loosely follow her 

What is new, however, is 
that the current generation of 
Paris dancers is more than ever 
in tune with Balanchine's cho- 
reography. In the past it often 
seemed that Balanchine's con- 
tours were softened by Pari- 
sian romanticism. Today's 
troupe looks more like its New 
York counterpart, speedier 

and with a sharper attack than 
even a few years ago. Elisabeth 
Maurin, Monique Loudi feres, 
Charles Jude and Manuel Le- 
gris stood out in this fast com- 

This impression was borne 
out in another vintage Balan- 
chine, “The Four Tempera- 
ments,” a score that Balan- 
chine commissioned from Paul 
Hindemith in 1940 for his own 
musical pleasure, then choreo- 
graphed for Ballet Society, 
precursor of the NYCB. The 
music was first performed in 
Balanchine's apartment. The 
ballet was first given in the 
auditorium of New York’s 
Central High School of Needle 
Trades. It is, of course, a cor- 

nerstone of the Balanchine 

Again, the company seemed 
at home in the choreography, 
“abstract” but rich in content. 
Patrick Dopond’s drollery in 
the “flegmatic” variation, and 
Carole Arbo’s glittering open- 
ing of the final movement were 
particularly in form. 

In little more than a decade 
Jerome Robbins’s "Glass 
Pieces" has made itself a reper- 
tory staple. Its geometrical de- 
cor (by Robbins and Ronald 
Bates) and the linear, urban ag- 
gressiveness of the choreogra- 
phy, set to some of Philip 
Glass’s more arresting music, 
seemed to fit neatly into the 
new surroundings. 

can smell God.” What gives 
“Gaucho” its tension and its 
main interest is the constant 
contrast between the dreams 
that Declan articulates and the 
nightmare of his situation. Sur- 
rounded by people neither clev- 
er nor lucky enough to make it 
in a fast-changing world, he 
alone could have done some- 
thing better and failed. 

This is a play rancid with 
social historical and political 
hatred but driven by total de- 
spair. The evidence is still inad- 
missible, but the characters live 
with you long after those in bet- 
ter plays start to vanish. 

Jean Brodie, in “The Prime 
of Miss Jean Bnxfie," has al- 
ways been a great role rampag- 
ing around inside a shaky play. 
Over the last 30 years actresses 
as diverse as Vanessa Redgrave, 
Anna Massey and Maggie 
Smith have made it their own 
on stage and screen, and now to 
the Strand comes Patricia 
Hodge in Alan Strachan’s lov- 
ing, careful Edinburgh staging 

To her considerable and styl- 
ish credit, Hodge does not at- 
tempt to disguise the problem 
with Brodie* which is that she is 
out there on her own. Jay Pres- 
son Allen’s creaky and clumsy 
adaptation of the Muriel Spark 
novel is framed within a flash- 
back that should have been 

abandoned a quarter of a cen- 
tury ago, and it follows the 
novel rather too slavishly else- 
where, never quite allowing us 
to negotiate the central para- 
dox of Brodie. Is she a vision- 
ary schoolteacher, putting old 
heads on the young bodies of 
her crfcme-de-Ia-orfeme girls, or 
a thoroughly dangerous old 
bat who thinks nothing of 
sending one of them to certain- 
death in the Spanish Civil Waf 
because she hasn’t bothered to 
work out which side to fight 

Hie truth is that Brodie is 
both, but the central contra- 
dictions there are the luxury of 
the novelist and her readers; in 
the theater, even though we are 
there for an overlong talk- 
athon, the focus needs to be 
sharper than the dramatist has 
ever allowed. 

Hodge offers both the frus- 
trated, cranky schoolmarm and 
the hopelessly idealist romantic 
as though she is in some kind of 
character costume shop, trying 
them both for size. Around her. 
David Yelland is aimlessly 
charming as the art teacher and 
Jackie Morrison wonderfully 
sharp as the pupil who finally 
turns and destroys her. But seen 
in the same London season as 
Lillian Heilman's “The Chil- 
dren’s Hour,” “Brodie” is odd! j 
(he more dated. 1 






Everybody” (Curb/Sony): 
Acoustic, wistful and lulling, a 
velvet cello on the bottom, the 
delightfully creepy lyrics creep 
up on you. Uncle Leon is kept 
locked up in the closet so he 

the opening work of the cannot transport his underage 
D - vu! - program, girlfriend across the state line. 

The Record Lady, "a phono- 
graphic dream, has got the cut- 
est little cartridge you’ve ever 
seen.” Drooling smelly fat ba- 
bies make him sick. 

“Hand Jive" (Blue Note;: A 
new-fashioned cross between 

electronic jazz, funk and the 
blues with shades of Coltrane 
and Hendrix. Check out Eddie 
(“Exodus”) Harris on tenor 

dade” (BMG): Located 500 ki- 
lometers west of Senegal the 
Cape Verde islands export the 
morna, a bluesy descendant of 
the Portuguese fado, songs of 
sailors longing for home and of 
women serenading men who 
left to find work. Evora sings 
the morna like a mid-Atlantic 


“Whistle Stop” (Blue Note): 

This 30-year-old funky bebop 
has more meat and certainly 
originality to it than today's 
flashy reruns. (Hank Mobley, 

Kenny Drew, Paul Chambers, 

PhiUy Joe Jones.) 

BAND, "Best OF’ (Reper- 
toire): Swinging singing of IS 
great songs with hip riffs and 
together arrangements. “Pick 
Up the Pieces," “Person to Per- 
son,” “You Got It” — about as 
black as blue-eyed soul gets. 

Mike Zwerin, IHT Lyle Lovett on love; John Scofield on jive. 

AP 'CTinsiun Re** 



DOLLY: My Life and Other 
Unfinished Business 

By Dolly Parton. 338 pages. $25. 

Reviewed by 
Dave McKenna . 

D OLLY Parton has only 
herself to blame for the 
fact that the mention of her 
name conjuures images of big 
hair and bigger breasts — but 
little else. 

That public persona, attrib- 
utable to a combination of her 
sideshow silhouette and tbe 
generally unlearned movie 



bay Tuesday 
CantodFred Ronan 
Tel.; (33 U 46 37 93 9 J 
Fax: (33 IJ 46 37 93 70 

or your remit HT office 
Or raprwaruatrv*; 

characters she has played, has 
garnered Parton a place in the 
hearts of late-night monologu- 
ists. Parton uses, if that’s tbe 
right word, personal appear- 
ances on those same chat shows 
to perpetuate the myth of Dolly 
as Busty Bumpkin. 

Success stories like hers — 
real-life rags-to-riches tales — 
aren’t supposed to happen any 
more: A neglected member of a 
very large and tremendously 
impoverished Smoky Mountain 
family leaves home with little 
more than an immense musical 
gift and goes for the big time. 
And makes it 

Though this may be risky 
among the fine-arts crowd, it’s 
not inaccurate to push Parton 
as a bona-fide American diva, a 
voluptuous, pre-Madonna pri- 
ma donna for whom Nashville 
might as well be Milan, whose 
corn-pone librettos, delivered 
in a distinctive hick soprano, 
tell of scheming man-stealers 
with names like Jolene, not, say, 

of “Dolly: My Life and Other 
Unfinished Business.” The 
autobiography chronicles Par- 
ton's life from an impoverished 
childhood where fantasies fo- 
cused on things as mundane as 
living quarters with indoor 
plumbing — of having, as she 
puts it “a bed with a canopy 
over it instead of a can o’ pee 
under it” — to her recent foray 
into makeup marketing: “There 
are plenty of charities for the 
homeless. . . . Isn't it time 
somebody helped the homely? 1 ' 
Aft rtf “Unfinished Business" 
reads in Dolly’s hokier-than- 
tbou voice. 

With too little boasting. Par- 
ton tells of being one of a hand- 
ful of trail blazing female artists 
who did more than merely sing 
some of tbe biggest tunes to 
come out of Nashville in the 
mid-1960s. They wrote them. 

Dolly’s still making a killing 
off materia] she penned eons 
ago: Whitney Houston's ver- 
sion of a Parton tune, “I Will 
Always Love You,” now stands 

Dolly’s image could get a nip as one of the most popular sin- 
and a tuck with tbe publication gles of all time. 

Inquiring minds, who cer- 
tainly will make up a large per- 
centage of this book's purchas- 
ers, could come away 
disappointed by the dearth of 
gossip. Parton sheds little light 
on Carl Dean, her anonymous 
husband of 28 years. She throws 
Dean some nice asides through- 
out, but the only picture that 
emerges is of a guy who's good 
around the house. 

Given tbe prominence that 
overt sexuality plays in her pub- 
lic persona, the book is also a 
liule lacking in dirty details of 
the singer’s carnal escapades. 

There is one romance Parton 
fesses up to, and a protracted 
one at that: with cosmetic sur- 
gery. Although specific answers 
to the really Big Question — 
How much of that bust is or- 
lic? — can’t be found here, 
>lly hints that the road to Tri- 
ple-E indeed passed through 
many a plastic surgeon’s office. 

Dave McKenna, who writes 
frequently on country music for 
Washington City Paper, wrote 
this for The Washington Post. 

Tie New Yak Tuan 

This list is based oo reports from more than 
UQQO bootaarts thioug)x»i< (he Uni led States. 
Weeks aa list are not noces-wniy ewiscentivt 




3 DEBT OF HONOR, by Tom 

Lm Wnta 
m mLM 

— 4 35 

6 l« 

CY. bv James RcdficM 


Jams Finn Garner — 

6 LORD OF CHAOS by Rcb- 

cn Jordan 

ER. bv Sidney Sheldon 5 

8 THE Body FARM, by Patri- 
cia Cornwdl 7 


Francis 8 


SON COUNTY, by Robert 
Junes Waller — — 

11 THE GIFT, bv Dankfle Steel 


TION. bv Judith and Garfield 

13 SPENCERVILLE. bv Nelson 


by Bebc Moore Campbell _ .. 


John I/ving ... 


MAN. by Tun Allen 

B m 

10 14 

3 i 

oir. bv Barbara Bosh . 

STORIES by James Hemal 

4 THE HOT ZONE, bv Richard 


5 DOLLY, by DoDv Parton 

fiCOUPLEtiOODj bv Paul 



by Wntiam J. Bennett 

8 BASEBALL, by Geoffrey C. 

Ward and Ken Bums 1 


Dons Kearns Goodwin 


by John Bcreadt 


O'Rourke ... 

TY, by Richard Bach 

13 ALL'S FAIR, by Mary Mala- 

Kn and James Catvide with pe- 
ter KnoWer 

TERS, h Hope Eddman 

QUERQUE. by Lewi* Giiz- 



and miscellaneous 

„ John Gray i 7 < 

ROSIE by Rosie Dafcv 


Enterprises ^ 

4 REAL MOMENTS by" Bar- 

bora Dc Augefa 

V „ _ 

. + . 




‘~W€dn.csday f 

November 2, 1994 


for Austria 

IENNA Hilmar Kopper, the 
chairman of Deutsche Bank, re- 
. marked recently that Austria, 
fhe European Union 

*’ ^ 1x5 to r ank as one 

;of the core countries eligible for European 
{Monetary Union. 

[ • Mr. Kopper was right. Austria is by 
. almost ^any measure one of the richest in- 
idustnal nations in Europe and it will, upon 
be a net contributor to the EU. 
i The Austrian economy, meanwhile, is 
on a healthy recovery path, and last year 
[suffered only a mild recession. The coun- 
try s currency, the schilling, is stable, hav- 
*ig been pegged to the Deutsche mark for 
tore than a decade. 

[ Austria's unemployment, at about 4.5 
{percent, is less than half the EU average, 
jits economic growth rate this year is likely 
fto be 18 percent, well above the EC 
average. And even its estimated 1994 bud- 
;g?t deficit as a proportion of gross domes- 
tic product — which is considered high at 
j. 4.1 percent — is nonetheless more than a 
[percentage point less than the average of 
;the EU’s current 12 member nations. 

' “The state of our economy is good, 
[really good,” said Gerhard Randa, deputy 
^chairman of B ank Austria, the country's 
[biggest banking group. 

^ Austria’s ability to come through Eu- 
rope's- recent recession with only a OJ 
■^percent decline in its 1993 gross domestic 
product is a testimony to the country’s 
.'^resilience. But there were at least three 
‘ special reasons why the economic down- 
turn was so mild: 

• Exports to Eastern Europe, and espe- 
cial!/ to Poland, Hungary, and the Czech 
and Slovak republics, kept growing even 
‘though Austria’s overall exports declined. 
* •Austrian companies, especially in the 
construction sector, have benefited from 
'Germany’s unification, and have won 
man/ new contracts in the former East 
'Gernany. _ 

, r •Consumer confidence held up at 
~horie/ and -so did capital investment, 
itbaiks partly to deficit spending by the 
-rgovanment and to reduced taxes. 

Iris last factor m$y have been positive 

; Continued on Page 10 

h - -^7 

Insular Land 
Is Beginning 
To Open Up 

Catalysts for Change : 
Europe and Vote That 
Shook Establishment 

By Alan Friedman 

V IENNA — Austria is at a cross- 
roads. Though a prosperous in- 
dustrial democracy, it has re- 
mained remarkably insular Tor 
much of the past half century. Now. 
change is being forced on the country, 
from inside and oul 

The Hofburg, Vienna's Imperial Palace, is the site of the offices of Austria's president 

On Jan. I. this scenic land of 7.8 million, 
people, rich in cultural heritage yet unused 
to the challenges of global competition, 
will become a member of the European . 
Union. In theory, this ought to be cause 
for celebrations, especially since EU 
membership was approved by more than 
two thirds of the country's "voters in a 
referendum held last June. But Austria's 
integration into the EU family is being 
overshadowed by the results or a general 
election OcL 9 that saw the most profound 
political upheaval since the end of World 

Privatizations Set in Bid to Fill the State’s Coffers 

By Brandon Mftchener 

A TTEMPTING to make a virtue 
out of necessity, Austria is look- 
ing toward privatizations to 
raise cash and to help it meet 
European Union economic convergence 

In aD, Austria would like to raise about 
50 billion schillings ($10 billion) over the 
next four years by selling large stakes in 
aluminum, steel and oil and gas compa- 
nies, banks, utilities, the state airline, rail- 

ways, post and telecommunications com- 
panies and a variety of smaller businesses 
ranging from ski makers to the Donau- 
dampfschiffahrtsgesellschaft, a Danube 
ship line. 

The planned sales come after nearly a 
decade of handwringing as the nation 
watched its extensive stable of state-con- 
trolled industry lurch from one crisis to 
the next. 

But Austria is not planning to go from 
one extreme to another. The state will 
probably maintain at least a blocking mi- 
nority stake in many of the companies it 

sells, and experience shows that it will 
probably sell less and raise less cash than 

Since 1986, when privatization first be- 
came politically acceptable, only 8.7 bil- 
lion s chilling s in state property nave been 
sold, while a further 14 billion schillings in 
assets changed hands but remained in 
state control. The privatization drive 
stalled in 1990, partly as a result of stock- 
market weakness, and has only recently 
returned to the priority list after several 
state companies were restructured and the 
end of the recession allowed the federal 

government to return its undivided atten- 
tion to fiscal consolidation. 

Despite the slow pace of sales so far, the 
change is remarkable for a country that 
long prided itself on a social partnership 
between state-owned industry and labor 
that has come to be known as the Austrian 
Model. Originally a way of keeping com- 
panies that had produced war goods from 
being confiscated following World War II. 
state control gradually became a buffer 
against unemployment. Bruno Kreisky, 

The vote was significant for two rea- 
sons: First, it represented a huge protest 
against the country’s two governing coali- 
tion parties, the center-left Social Demo- 
crats and the conservative People's Party. 
The two hung on to their parliamentary 
majority but suffered their worst electoral 
setback" in 50 years. Second, the politician 
generally seen to have emerged as the de 
facto winner was Jorg Haider, 44. the 
ambitious and populist leader of the ex- 
treme right Freedom Party. 

With 22.6 percent of the national vote, 
Mr. Haider's party became, overnight, the 
largest of Europe's extremist political 
groupings. Many members of Austria’s 
elite, starting with Chancellor Franz 
Vranitzky, worry that Mr. Haider’s viru- 
lent anti-foreigner rhetoric and his rabble- 
rousing talents could prove destabilizing 

Continued on Page 10 

Continued on Page 11 

Austria as a Financial Marketplace 

' Against a background of. ongoing deregulation and tougher competition, functional and efficient 
national markets are becoming increasingly important for success. This is especially true in a highly 
developed industrialized country. Austria is therefore working hard to make its financial, markets as 
attractive as possible to both domestic and foreign investors. 

• ; Austria offers a number of advantages as a financial marketplace: 

L Austria’s economy has been developing extremely well 

*f - ■■UBliiiiiBIIIHHiifiBUliiBIHIliiillfiiliHi for decades. Above-average gains in productivity have 
led to a constant improvement in the competitiveness of Austrian business and rapid real economic 
growth.' Austria’s . traditionally high propensity for savings has encouraged the steady modernization of 
the country’s capital. resources and resulted in an impressive accumulation of monetary wealth by 
private households, forecasters expect 2.5% growth of GDP in 1994. Annual inflation is expected to 
be 2.8% in 1994. Unemployment will reach a rate of 4.4% in 1994. 

2. A stable currency: 

The Austrian National Bank (ANB) has a statutory mandate to ensure 
stability. Thus the ANB has long pursued a consistent and credible 
stability policy by linkinff the Austrian schilling to the Deutsche mark, a policy underpinned by 
economic fundamentals. The Austrian National Bank has always endeavored to secure the advantages 
of an optimum currency area for Austria’s economy, namely a stability zone in which external activities 

^ .11 “ j. .a IlijLil a t-A <ir rNAenLI c* ’ 1 'Up ao 1 m 1 o LI o 

l/l CUi — - — - j n • .11 rp. . I 

can progress' smoothly, subject to as little exchange-rate fluctuation as possible. I he calculable 
framework conditions nave led to a high degree of stabilization of expectations and confidence. 

3. A centra! geo Graphical location: 

Austria’s geographical location predisposes it to be a 
center through which know-how and Western 

. financial center 

capital can be transferred to Central and Eastern Europe. In addition, the June referendum’s nearly 

■ r • c — - fka T?nrnnpo n TTninn Ernn trV»r fnrfVi pr rnnfinenre to tnp 

two-thirds majority in favor of joining the European Union brought farther confidence to the 
x>nomy. This decision is regarded as a vital element in forwarding the country’s ambitions 

Austrian economy. o , _ _ 

to offer an essential link between Western and Eastern Europe. 

4. A far-reaching conformity with international standards 

in its legislation and 

regulations-e.g., foreign- 

-^^ n^darioTtheAgstrian Borsegesetz (Stock Exchange Act) and Kapitdlmtrktgcsetz (Capital 
Markets Act). 

S \ hiohlv developed financial infrastructure, 

provided by Austrian as well as numerous 


hreisn financial institutions. 

v*- • 

V, a 

si' ' 

A ^ 

- A! 

legrcc uruiULw*uw - 

>f view ofmereasing transparency and boom 
1 •*— - Bdment to the Borse ?***& »=> 

Wn the Amendment to the Bmeeesetz ptocK iLxcnange wu«i 

exchange and in t£e OTC is subject to criminal prosecution. Furthermore, under 

" &SSS b£ institutional investors and issuers must draw up compliance rules governing the 

handling of information that could affect prices. 

• I' ■ . . A - - . t- nf itc nahnnal (ia«o 

mat UULUW 

i L 1 institutional improvements in Austria’s management of its national debt have 

bond market. The equity market has greatly 
fonstderabfy increased __._PP nf flip nasl . fiye years. Also, the privatization projects planned 

•ased the appeal of t£e country’s bond market. The equity market has greatly 
Dri^tizatiOT program of the past five years. Also, the pnvanzation projects planned 
________ _ , 7 A „,Vrian capital market a major impetus. Moreover, the tax reform of 

h IF” 4 , : iLcmes to enhance the attractiveness of the country V equity 

enefited from the 

“tTt — :r«* . A„ c Vri<,n caoital market a major impetus, moreover, me tax rcionn oi 
n tht. future yjill give the measures to enhance the attractiveness of the country’s equity 

ing this segment even D 

= 'Vienna 

Biological anti gene technology 
Research Centre for 6ene Technology 

Development and Production Centre 
Ericsson Schrack AG 


Research - Development 
SGP uflra-low-floor system 

root of these intellectual powers, that combination of warmth, humour and quality 
of life, has continued to lend the Danube metropolis its unique flair right up to the 
present day. Welcome to Vienna. Welcome to the United Europe! 

Should you have queries or re- 
quire any Information on the busi- 
ness location oi Vienna, please con- 
tact the Information centre at the 






FUND, Ebendorferstrasse 2, A-1082 
Vienna, Tel.: + 43 (1)4000-86794, 
FAX: +43 (1) 4000-7070 



12 . 




r< B V n vd ^ ft ; Jft ^ p# 2 R . 


Election Upset Drives Home Need for Wide- 

By Alan Friedman 

V IENNA — Perhaps 
the greatest irony in 
Vienna's suddenly 
turbulent political 
scene is that the politician who 
has made the strongest argu- 
ments in favor of health care 
and social security reforms, pri- 
vatization and a more frce-mar- 
ket economy is Jorg Haider. 

Mr. Haider's extremist 
brand oT right-wing politics, 
replete with a demagogic de- 
mand that immigration be 
banned until Austria's unem- 
ployment level is reduced, 
makes leaders of the main- 
stream establishment cringe. 
So does his willingness to re- 
peat past praise for Adolf Hit- 
ler’s employment policies in 
the 1930s, his opposition to 
Austria's joining the European 
Union and his brazen forecast 
that he is “sure" he mil be- 
come Chancellor by 1998. 

Yet even his sworn enemies 
admit that Mr. H aider has 
managed to score points by 
criticizing Austria's often cor- 
pora list approach to social and 
economic affairs in a most ar- 
ticulate, albeit simplistic man- 
ner. While the need for reforms 
are accepted as legitimate 
goals by most parties, Mr. 
Haider bas managed to appro- 
priate these issues and portray 
himself as the leading agent of 

Set against the six percent- 
age points gained by Mr. 
Haider's Freedom Party, 
which won nearly 23 percent of 
the vote in the Oct. 9 election, 
is the conspicuous setback suf- 
fered by the two parties that 
have governed in a “Grand Co- 
alition" for much of the past 
halT century. 

The conservative People's 
Party saw its share of the vote 
drop by 4J percentage points 
to 27.7 percent while Chancel- 
lor Franz Vranitzky's Social 
De m ocrats experienced a 7.6 
percentage point slump, end- 

ing up with 352 percent of the . 
vote. Their combined majority . 
— 1 18 of the 183 seats in par- 
liament — is still comfortable, 
but it is the lowest ever, and 
much slimmer than the 140 
seats held since 1990. 

Ferdinand Ladna, the fi- 
nance minister who is a Vran- 
itzky loyalist in the Social 
Democratic party, offered the 
most blistering critique of Mr. 
Haider, contending that he was 
“a threat to democracy be- 
cause his whole concept is 
more or less built on a very 
Fflhrer-orietued type of philos- 

ophy. .It is not the old Nazi 
philosophy, but I can see many 
similarities and features which 
remind me of Nazism.** 

For his part. Mr. Haider de- 
nied vociferously in an inter- 
view that be was a racist or had 
any sympathy for Nazism. He 
also said he was willing to dis- 
associate himself from other 
extremist parties in Europe, in- 
cluding the National Front led 
by Jean-Marie Le Pen in 
France. As for Mr. Le Pen’s 
congratulations, Mr. Haider 
shrugged; "What can I do 
about that?" 

Mr. Ladna added however 
that Mr. Haider's success 
showed that “the feeling of be- 
ing in a very secure atmosphere 
has disappeared. In the past we 
were a slow-moving society at 
the comer of Europe. Now we 
are opening up, and that 
means many changes." 

The Chancellor’s critics, and 
not just Mr. Haider, note that 
Mr. Vranitzky is a decent and 
honest man with an interna- 
tional outlook, but they say 
that both governing coalition 
parties have grown tired and 

Mr. Vranitzky, however, 
stressed his government’s suc- 
cess at tax reform and Its stated 
commitment to a broad array of 
reforms. But the coalition par- 
ties did not make much of issues 
during the recent election cam- 
paign and Mr. Vranitzky ac- 
knowledged that “the campaign 



I 80 seats 

k i ;• v?: ■:> 

'■r 'M ■; 

Social Democ; 


66seats 11 1 ,1 

; r.: '-.V. ’zfiTzx'A * Vi ■- ,V : ;; : *"V H . VWv' ' ' *'■ * 

SourceiAustrian Government 

we ran was inappropriate, it 
missed the central targets.” 

He also noted that “a grand 
coalition that has been u of- 
fice for 8 years runs the risk of 
its two coalition parties having 
a problem over their identity.” 

Is that why 270,000 voters 
switched from the Social Dem- 
ocrats to the Freedom Party? 
“Those people were: not in- 
spired by right-wing slogans 
but they were impressed by 
Haider's ability to offer appar- 
ently simple answers," Mr. 
Vranitzky replied. 

Alois Mock, the foreign min- 
ister and former leader of the 
People's Party, - acknowledged 

that the vote was also “a heavy 
blow to my party.” Bat Mr. 
Mock has angered Erhard Bo- . 
seki the current- Peoples Party 
chief and Austria’s vice-chan- 
cellor, by leaving the door open 
to a future coafitidn with Mr. 
Haider's party. “I don't exclude 
it for the tunne, although, at the 
moment it is not probable,” he 
said in an interview. 

Mr. Busek, partly because he 
is under pressure inside his 
party and partly in order to 
posture for better cabinet 
posts, opened the post-election 
round of coalition talks by de- 
manding “room” for his party 
to vote freely in parliament in 

future if certain policies such 
as privatization are not imple- 
mented according to a specific 
time table. In. the view of most 
observers that could-play into 
Mr. Haider's hands and pave 
the way for an eventual break- 
up of the Grand Coalition. 

The coalition parties are, 
nonetheless expected to form 3- 
new government, though not 
until after the start of parii*T<: 
meat’s new session on Nov. 7. .. 
And while Mr. Haider may: 
have stolen the political lime- 
light from the governing par- 
ties, he does not nave a monop- 
oly on the call for reform. 

The recent" election also saw 

the rise to prominence of wo 
center-left 'politicians, both ot 
them women, who represent a' 
yearning for a more open soar 
ety and who have benefited 
from the support of some ele- 
ments of the bourgeoisie, the 
intelligentsia, and students- ^ 
They ate Madeleine Petrovic. ’ 
38, the leader of Austria * , 
Greens, and Hcide Schmidt. 
46, a frec-market liberal who in' 
1993 broke away from Mr. 
Haider’s party and founded.- 
the liberal Forum. •** '• 

Ms. Schmidt, who to many > 
embodies a new generation of ,r 

open-minded pro-business polf “ 

itaans, has lea her Liberal Fo^ 
rum from zero to 5.7 percent of*, 
the vote in 20 months, winning 
10 seats in parti ament- She ex- r 
plained in an. interview how she .• 
broke away from the Freedom-'} 
FSriy in February 1993, dis- 
gusted by what she teemed Mr.-' 
Haider’s "racism” against foiv: 
cigners and unhappy at his op- 
position to membership in the ' 
European Union. • 

“We need a more pluralistic^ 
democracy, and our goal is lib -7 
eral thinking m society, the 
economy and policies,” Msj ■ * 
Schmidt-said. In policy tenm^ , 
that means support for av 
strong ^privatization program: •’ 
the ending of compulsory^ 
membership in Austria’s- vari-* - 
ous employer and labor chann - 
bers, and reducing political uk- 
fluence in the economy.’ Msr- 
Schmidt also favors decrimi-^ 
waKring marijuana and extendi 1 " 
ing social benefits to homosex- 

The Greens, who won 13seats\ 
in parliament and saw their 
share of the vote rise from 4.8 to . 
7 percent, have meanwhile} 
adopted a businesslike image, at-.»_ 
tracted the eoblo^caSy trended 
middle class and shown they are- 
wining to work bard, inside lift 
paitiamentary system. 

ALAN FRIEDMAN is intt -na- 
tional economics oarrespm. ient 
for the International Ht aid 
Tribune. * 

Privatizations Are Planned 

Continued from Page 9 

the former socialist prime min- 
ister, formalized the country’s 
philosophy with the famous 
words: ’T prefer a budget defir 
cit of.aJcw billion schillings to . 
a few thousand people on the 

Lax supervision associated 
with state control finally 
caught up with the country in 
1985, however, when oil specu- 
lation by a subsidiary of the 
state-owned Voest Alpine 
group produced huge losses, 
and was reinforced in the latest 
recession, when Austria Metall 
AG was caught off guard by a 
sharp drop in aluminum prices 
following a costly corporate 
buying spree. 

Until the end of 1993. the 
Socialist Party had hoped that 
Austrian Industries, which was 
formed in the wake of the 
Voest Alpine crisis, would sur- 
vive as a conglomerate and be 
privatized as a whole. The 
problems at Austria Metall. 
however, made immediate re- 
structuring necessary and tilt- 

ed the political consensus to- 
ward a piecemeal sell-off. 

"Our experience with state- 
controlled industry hasn't been 
so good in the last couple of 
years," said Kurt Bayer, an 
Industry and technology policy 
export at Wifo, the Austrian^ 
Institute of Economic • Re- 
search in Vienna. 

Indeed, the four state-con- 
trolled companies that 
emerged from the remains of 
Austrian Industries — Austria 
Metall, the petrochemicals 
group OeMV, specialty steel 
maker Bdhler- U ddeholm and 
Voest-Alpine Stahl — together 
lost 10.17 billion schillings in 
1993. more than double the 
year-earlier figure, most of it 
due to restructuring programs. 

Now. as the economy begins 
to grow and stock prices to 
rise, Austria is making up for 
lost time. It has sold off 7.6 
billion schillings worth of com- 
panies this year alone. 

In May, Vienna sold 51 per- 
cent of VA Technologic, a 
profitable metals, environmen- 
tal and energy technology 
holding group, as well as 20 

percent of OeMV. Further pri- 
vatizations scheduled for this 
year include a 26 percent stake 
in VAE Eisenbahnsysteme and 
part of the government’s 70 
percent voting stake in Credi- 
tanstalt, the country's second, 
largest bank. 

Eventually, Austria would 
also like to privatize the state 
railways, post and telecom- 
munications companies, but it 
will first have to .spend large 
sums to make them attractive 
to foreign investors. 

. “Recurrent problems with 
the nationalized industries sug- 
gest that the privatization pro- 
gram needs rapidly to be com- 

E leted,” the OECD said in its 
itest report on Austria. “Sub- 
sidies to cover past losses will 
burden the federal budget for 
many years Co come, at an an- 
nual amount current ! y of 5 bil- 
lion to 8 billion schillings. Tins 
drag on budget flexibility 
should not be allowed to in- 
crease further.” 

Frankfurt correspondent of the 
International Herald Tribune. 


Source: EU; OECO 

tottmacwpl Herald Trit 

Strong Economic Performance- 



Continued from Page 9 

in terms of the country's eco- 
nomic performance, but it ex- 
acerbated both the public-sec- 
tor budget deficit and the 
current account deficit. 

Government spending in 
1993 overshot its target sub- 
stantially, which made for 
Keynesian-style economic 
growth that left the Vranitzky 
government .saddled with a 
982 billion schilling budget 
deficit, equivalent to 4.7 per- 
cent of GDP last year. Both the 
Soda! Democrats and the Peo- 
ple's Party agree that vigorous 
fiscal consolidation must be 
the aim of their new coalition 
government when it is formed; 
their goal is to pare back the 
deficit to 2.5 percent of GDP 
within three years. 

At the same time, as Adolf 
Wala. chief executive of Aus- 
tria’s central bank said in an 
interview, the tax credit for 
capital investments was dou- 
bled during 1993, which result- 
ed in pump priming at home 
but a boom m equipment im- 
ports that damaged the current 

account The current account 
was also affected by weakness 
in the tourism sector. . 

' Looking ahead, Austria 
should benefit from European 
integration, but also from the 
recovery, in Germany, which 
accounts for more than one 
third of its total trade. There 
are also signs that foreign in- 
vestors; who have been waiting 
to be sure that Austria would 
jean the EU, are now feeling 
more confident 

The Austrian Institute of 
Economic Research calculates 
that the easier flow of trade in 
goods and services resulting 
from EU membership, togeth- 
er with the elimination of a 
range of administrative barri- 
ers, could be worth more than 
three quarters of a percentage 
point of additional GDP 
growth next year. 

Yet despite this generally 
bullish outlook, the Austrian 
economy remains something of 
a paradox when compared to 
most other Western democra- 
cies. Thb fc because of the size- 
able influence of the slate in 
the economy in terms of own- 
ership and regulation, as weQ 

as the nature of the dose-kn > 
Social Partnership, whic * 
brings together employer - 
farmers and labor, and whic '- 
is considered a candidate fc 
reform. ’] 

Though it is credited witi ’ ■ 
much of Austria’s post-wa 
economic success, and has kep “■ 
wage increases moderate am - 
labor unrest to a minimum 
critics say the partnership sys- ■ 
uin is overly politicized, stifles *- 
entrepreneurship, and is too 
cozy an arrangement to survive|_ 
in a world of increasing cross - 1 
border competition. The sys- 
tem indudes a series of nation- ’ 
al “chambers" that employ 
vast bureaucracies and whose ‘ 
membership is obligatory for 
every employee and every " 
company in Austria. ". 

Alexander Maculan, chair- j 
man ol an eponymous con- r 
struction company and one of 
Austria’s most innovative en- 
uepreuenrs, termed ihe cham- 
ber system “a retie of the past." 
He nbted that the. business 
chamber “employs 5.000 peo- ■ : 
pie, for nothing," a view that is 
increasingly co mm on in Aus- - ’- 

tr “- Alan Friedman . 

Jfe&i .'V-. :*>; 



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1G jH-t-S.r- • 




Austria! A Special Report 



e ‘fov !c 

. T'iat. 

,u *oin 
•“* Mr 


a '*0n of 

C *M 




to Make Banks Competitive 

By Alan Friedman 



hf -" * 

-■ ui* 


^‘1 K 
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: Pu!'..'i r . 

1,1 -i.n- 
•■' •j'jm. 

*:■ M, 



1ENNA — By inter- 
national standards, 
Austria’s banking 
system looks compla- 
overstaffed. over- 
ranched, in some cases too 
politicized and in others rather 
lacking in the more Anglo-Sax- 
entraditioQs of full disclosure. 

-The good news, however, is 
that leading Austrian bankers 
freoognize the problems, can 
avail themselves of huge hid- 
den reserves to cover losses, 
it tod are trying to forge ahead 
.■J with a substantial restructur- 

■ - ing effort. 

;**We are not yet at the half- 
way point in restructurin g our 
banking system," said Gerhard 
Randa, deputy chairman of 
Bank Austria. “We are only 
really al the 30 or 35 percent 
stage. The big challenges are to 
bring down operating costs, to 
rationalize branch networks 
and staffing, and to improve 
back-office and information 
system costs." 

Unfortunately, a combina- 
tion of coalition party politics 
/■Jid a resistance to change have 
made the restructu ring task a 
formidable one. An extraordi- 
nary proportion of the banking 
system is state-controlled, 
owned by politically influ- 
enced cooperatives or, in the 
case of Bank Austria, the big- 
gest bank in the country, under 
the effective control of the mu- 
nicipal government of Vienna. 
There are no big Austrian 
, banks that can be considered 

to be purely private-sector in- 

The stale’s influence has 
propagated many inefficiencies, 
such as a bloated branch net- 
work. The large degree of 
branch competition has. in 
turn, squeezed margins, accord- 
ing to Alison Le Bras, a director 
of the Paris office of IBCA, the 
bank credit rating agency. 

Ms. Le Bras noted that loan 
loss provisions at many Austri- 
an backs have been very high 
in recent years, in part due to 
‘‘very bad credit controls" and 
in part because of a high level 
of domestic bankruptcies. 

“Despite tbe efforts they 
have made to rationalize, to im- 
prove credit controls, our view 
is that the progress in terms of 
improvement in profitability is 
painfully slow,” she said. 

The hand of the state is 
meanwhile apparent in bank- 
ing, as in other sectors of the 
economy, thanks to the notori- 
ous Proper z system of giving 
jobs to the party faithful. 

Political bickering, in short, 
has not made for good banking 
practices in Austria. And the 
best example of this is to be 
found at Creditanstalt, the 
flagship commercial bank and 
the country’s second biggest 
bank in terms of assets. 

For the past year the Austri- 
an Treasury has been trying to 
engineer the sale of 70 percent 
of tbe voting shares of Credi- 
tansalL But the sale of majority 
control of the h ank, historical- 
ly a preserve of the conserva- 
tive People’s Party, has been 

held up by politics and nation- 
al pride. 

Credit Suisse, (he Zurich- 
based giant, was the major bid- 
der for many months. Chancel- 
lor Franz Vranitzky, Lhe Social 
Democrat leader, was not wor- 
ried about foreign control but 
his coalition allies, the People's 
Party, have successfully played 
upon long-standing Austrian 
resentment of the Swiss to de- 
rail the Credit Suisse deal. A 
supposedly domestic solution 
favored by the People’s Party 
has been led by Assiouraziooi 
Generali, the I talian insurance 
group. Thanks to politics, a de- 
cision on Creditanstalt's future 
has been postponed. 

The traditional Old Guard 
view was expressed by Alois 
Mock, the foreign minister, 
who described Creditanstalt as 
a “strategic" national asset and 
contended that allowing big 
h anks or energy companies to 
be foreign-owned would be 

Even a more internationally 
minded figure such as Friedrich 
Ceska, secretary-general or the 
Federation of Austrian Indus- 
trialists, bristled at the idea of 
“Austrian industrial enterprises 
having to ask for a credit in 

Creditanstalt’s director-gen- 
eral, Guido Schmid l -Chi an. in- 
sisted that “no leading commer- 
cial bank in Europe is under 
foreign control.” He admitted 
that the bank had suffered too 
many loan losses, a situation 
that had now been “corrected." 
As to the privatization of Credi- 
tanstalt, Mr. Schmid t-Chiari 

said “hopefully a decision will 
be forthcoming." 

Ferdinand Lacina. who as 
finance minister is Creditan- 
stalt's effective shareholder, 
must make that decision. He 
said that the U.S. consultants 
Booz Allen had been hired to 
examine the offers and be 
promised a decision by the end 
of this year. But Mr. Larina 
also said there was “still too 
much political influence” in 
Austria’s banking sector. 

At Bank Austria, meanwhile, 
Mr. Randa has his hands full. 
Although the biggest bank in 
the country, it is seen by critics 
as a curious mix: Bank Austria 
was formed after the 1991 
merger of Zentralsparkasse, the 
biggest savings bank, and the 
troubled LSnderbank, Lhe sec- 
ond biggest commercial bank. 

Some 55 percent of Bank 
Austria is owned by AVZ. a 
holding company that is under 
the de facto control of the city 
of Vienna. AVZ also holds 56 
percent of Girocredit. the 
clearing organization for Aus- 
tria's savings banks. 

Although analysts believe 
that Bank Austria and Girocre- 
dit should merge, Mr. Randa 
said “we will not merge with 
GirocrediL We will work with it 
and adapt its business struc- 
ture." eliminating duplication. 

Viennese insiders, mean- 
while, say Lhe reason for not 
creating a consolidated operat- 
ing bank out of Bank Austria 
and Girocredit. is that it would 
reduce the number of political 
patronage jobs available to Vi- 
enna's overlords. 

A Stock Backwater 
Bruces for an Influx 

By Richard £. Smith 

Building on Key Role in Trade With East 

lb Brandon Mitchener : 

lENNA’s traditional - 
ties to Eastern Eu- 
rope, much of which 
once answered to 
Hapsurg emperors, are in- 
creasngly paying off in ex- 
ports and investments in the 
“ . as Hungary, Slovakia 
lovenia join the ranks of 
item” trading nations, 
nils some Austrian jobs 
bound to migrate eastward 
ifl in search of cheaper 
r, economists and trade of- 
als looking back al the last 
years say Austria is likely 
Jconae out ahead in the end, 
lly regarding its xela- 
ns with its immediate neigh-, 
rs. . , . . ‘ • 

, “Vfe have gained more Than . 
have lost,” said Kurt Alt- 
. deputy bead of the East- 
Europe department at the 
ustrian Chamber of. Com- 
ierce. . 

“There are many companies 
•hat transferred production 
]iines to Eastern. Europe to 
(make their- products cheaper 
and competitive with local pro- 
ducers,” Mr. Altmann said, cit- 
ing experience in the textiles, 
printing, raw materials and 
foodstuffs industries. 

But , Austriar’s traditional 
trade ties, including the _ pres- 
ence of numerous specialists in 

countertrade, give the country 
a special position. “They know 
that we are partners, not con- 
querors,” he said. 

Of all countries in the Orga- 
nization for Economic Cooper- 
ation and Development, Aus- 
tria has tbe closest relationship 
with the countries of the former 
Comecan bloc, ahead of Tur- 
key, Finland and Germany. In 
1993, 12.7 percent of Austria’s 
exports went to and -7.7 percent 
of imports came from the area. 

So far this year, the trend 
has continued. In the first sev- 
en months of 1994, 13.3 per- 
cent of Austrian exports and 8 
percent of all imports were the 
result of trade with Eastern 
Europe. . 

Hungary is by far the coun- 
try’s largest trading partner, 
accounting for 11 billion schil- 
lings ($1.03 billion) out of a 
total of 38.5 billion schflUngs 
in trade with the East in the 
first seven months, while the 
Czech Republic bought 7.5 bil- 
lion, Slovenia 4.4 billion and 
Russia 4.2 billion schillings 
worth of Austrian goods. 

In investment terms, too, 
Austrian companies are also 
represented to a degree far be- 
yond what the country’s size 
would suggest. 

At the end of 1993, Austria 
accounted for 223 percent of 


foreign joint ventures in Hun- 
gary, 22 percent in Slovenia. 21 
permit in the Czech Republic 
and 21 percent in Slovakia. 

Andreas WOrgdtLer, head of 
the economics department at 
the Institute for Advanced 
Studies in Vienna, said the 
opening of the East was help- 
ing the Austrian economy — 
which was highly dependent 
for years on trade with Germa- 
ny — become more interna- 

“In the Eastern European 
countries closest to Austria, 
which are thus of greater Im- 
portance, the outlook is good 
to excellent,” he said, referring 
to their newfound economic 

Much of Austria’s gain from 

the collapse of the Iron Cur- 
tain stems from foreign com- 
panies’ interest in staying in 
Vienna as an a dmini strative 
gateway to operations further 
east. Some 700 foreign compa- 
nies are said to maintain head- 
quarters in Vienna, where rents 
are cheaper than those in 
Prague or Budapest. 

Foreign companies also ben- 
efit from Austria’s good busi- 
ness connections with the East 

“If an Australian or Ameri- 
can company wants to do busi- 
ness in Slovenia but doesn’t 
want to set up its own subsid- 
iary, it can always find an Aus- 
trian company that will help.” 
he said. “That’s an advantage 
that sells." 

HE recent wave of 
privatizations in Aus- 
tria is streamlining in- 
dustry and enlivening 
entrenched fiefdoms. Bui it 
also may be injecting more ex- 
citement into the Vienna stock 
exchange than it can handle. 

The basic problem: Austri- 
ans are not very interested in 
stocks and most local fund 
managers do not see any rea- 
son Tor this to change soon. 
“Austria has a conservative 
stock culture and that is some- 
thing that will only change 
over a long period of lime." 
said Peter Szopo. chief securi- 
ties analyst at Creditanstalt 

As the Austrian Association 
for Share Promotion wistfully 
notes, only 4 percent of Austri- 
ans hold sLocks. compared 
with 20 percent in Britain and 
the United States and nearly 
30 percent in Sweden. Even the 
Germans, similarly trauma- 
tized by a century of war and 
inflation, have been statistical- 
ly greater risk-takers than Aus- 
trians in recent decades. 

“Austrians are not the most 
optimistic people by nature,'' 
said Nel Mieuwenhuijse, a 
portfolio manager for the Ro- 
beco fund family in Rotter- 

Mr. Szopo noted that more 
than 90 percent of mutual fund 
volume was in bonds rather 
than stocks until a few years 
ago, when banks began push- 
ing stock funds. 

The government has encour- 
aged stock investments by re- 
ducing the withholding lax on 
dividends to 22 percent from 
25 percent and abolishing a se- 
curities turnover tax for trans- 
actions concluded by banks, 
brokers and fund managers. 

The immediate concern is 
whether a market that has been 
a placid backwater for most of 
its 223 years of existence can 
smoothly digest a heavy inflow 
of new issues. 

The government was en- 
couraged by the market’s per- 
formance last year, when the 
country’s blue-chip index 
surged 56 percent in line with 
the broader trend in Europe 
and on Wall Street. But the 
hangover came early and Vien- 
na’s index has fallen about 16 



percent from its peak this year 
in February. 

“The truth is that there have 
been a lot of privatizations and 
that has depressed the market 
over most of this year," said 
Ms. Mieuwenhuijse of Robeco. 

But the privatization wave 
also offers a key long-term 
benefit because it is catching 
die attention of foreign buyers. 

Their power commands par- 
ticular respect in Austria be- 
cause they were largely respon- 
sible for making Vienna’s 
stock market the star perform- 
er in Europe in 1989 as foreign- 
ers flocked to a market seen as 
a gateway to the East in the 
wake of the fall of the Berlin 

UCH thunderbolts 
aside, however, foreign 
buyers have usually 
found Vienna a risky 
market because it was small 
and lacked transparency. Only 
five of Austria's top 20 compa- 
nies are publicly traded, for 

“For a long time, we only 
had a few large Lilies and much 
was closely held.” said Mr. 
Szopo. “The free float was lim- 
ited and as a result the market 
here was often ignored.” 

Mr. Szopo noted that the re- 
cent new additions would give 
the market new ballast that 
might entice foreign players. 

Robeco, which currently has 
no Austrian holdings in its ma- 
jor funds, is looking at the mar- 
ket a g ain and some major 
funds are including Austrian 
shares in broader regional 
funds focused on Central Eu- 

The last stumbling block is 
transparency. Facing a heavy 
tax burden, corporate account- 
ing in Austria often seemed 
geared to hiding profit, foreign 
fund managers said, and this 
has long made it difficult to 
gauge the health of companies. 

But both the government 
and market officials have 
worked to bring accounting 
into line with European Union 
norms as the country readies 
itself for EU entry next year. 
Insider trading is now a crimi- 
nal offense and companies 
must publish holding of as lit- 
tle as 5 percent of voting rights. 

RIC0.4RD E. SMITH is on the 
staff of the International Herald 

j Continued from Page 9 

• cl borne and damaging to the 
country's image international- 
ly. They also interpret the elec- 
tion as a sign -that Austria is 
approaching a turning point. 

Mr. Vranitzky, 57, admitted 
in an interview that the. elec- 
tion results are emblematic of 
the peed for change': “We have 
to set up an interpretation of 
social democratic values, ac- 
cording to the necessities of 
our times. Many of our people 
still . communicate in the lan- 
guage of the 1960s and 1 970s. 

sense of isolation. That is now 
being altered, and rapidly. 
Membership in the EU will 
bring with it benefits, but also 
new directives from Brussels 
that will be hard to adjust to in 
Vienna’s tightly knit and cor- 
pora tist-minded community. 

Austria is meanwhile a 
country where the state has 
traditionally had a very heavy 
hand in both "banking and in- 
dustry. Thus the idea of priva- 
tization is in itself controver- 
sial. in part because of the way 
political parties have made use 
of the Proporz system, a prac- 
tice in which political appoin- 
tees have occupied prominent 


arr. 13.45 


arr. 14.35 


air. 12.40 


arr. 15.40 

While clearly suffering from 

a drop of 7.6 percentage points ^ at many state banks and 
that left his party just 353 per- companies. This has, to say the 

^ i in 'thfl latest election, Mr. - - — J : — 

cent in the latest election. 

Vranitzky also conceded that 
“oar institutions have to op*™ 
themselves more to national 
and international competition, 
and the: EU will encourage 

Indeed, at the heart of Aus- 
tria’s present phase of soul- 
searching is not merely an elec- 
tion result, but a broader sense 
that the way the country has 
organized its intertwined poli- 
ty, economy and social system 
since World War II may no 
longer be appropriate. - 

in effect, the very structures 
that have made the. country 
such a success" story in recent 
decades also make Austria 
something of an anomaly in Eu- 
rope. And that begins with the 01 M 

way Austrians perceive Jem- The understandable in 
selves arid the outade world. as long as the 

-A look at the map shows Co«- 

Austria at the heart of Mute- external former Soviet 

leurqpa, yet for much of the mumanor m ^ ^ syste m 
postwar period it has remained U reasonab]e response that 
culturally and psychologically w ^ we U. But, as the 

joBdJonEuiope’smupj minister, 

with an island mentality born former unau t 
tffiis proximity to Communist 
Floe countries such as Czecbo- 

least, often fostered inefficien- 
cies in the business sector. 

Equally, the country's so- 
called Social Partnership, 
which brings together leaders 
of industry, politics, agricul- 
ture and labor in a senes of 

roundtables, is in need of re- 
form. While this cozy system 
has kept strikes to a minimum 
and has guaranteed social co- 
hesiveness, it has also made for 
a costly wdfare state. Further. 
Austnans are now asking 
themselves whether compul- 
sory membership in the vari- 
ous employer and labor cham- 
bers is - a recipe for harmony < or 
a “closed shop” approach that 
is contrary to the philosophy of 
a market economy. 

Tbe existence of all of these 


dep. 09.05 

dep. 0950 
dep. 09.05 
dep. 09.15 


dep. 0920 


arr. 14.50 

dep. 09.05 


dep. 07.35 


dep. 0920 


dep. 09.05 


dep. 0925 


dep. 0725 


an. 14.35 

an. 15.05 


an, 15.45 

dep. 0840 


dep. 09.15 


dep. 0925 


dep. 08.10 


dep. 09.05 



dep. 09.00 


dep. 09.15 


an. 16.10 

Slovakia ami Hungary - 
Although a neutral nation 
that- served: as a. geopolitical 
bridge between, east and west. 
Austrians have .nonetheless 
suffered for many years from a 

Hannes Androsct put* “we 
have had an ^credible consen- 
sus in society, 

Berlin Wall came down in 1 989 
we are facing globahau^W 
have to change our 
in order to be more interna- 

dep. 09.05 


dep. 0925 

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an. 12.45 

Welcome To 



In fra c tional 



Page 11 ! 

Austria! A Special Report 

Culture Still 
Stirs Storms 
In Vienna 

Coffee Houses Abus® 
About a New Museum, 
Delay of Opera Season 

By Alan Friedman 

1ENNA — Like the whipped 

cream atop a cup of the city’s 

„ famous coffee, Vienna's cultural 
V scene is still as frothy as ever. It 
:s also effortlessly controversial, thanks to 
-*■? .nccstuous liaisons between local au- 
i-riiies and the denizens of Viennese art 
: -c r.iuv :. a tradition that harks back to 
day:, it the Hapsburgs. 

Vienn; would not be Vienna if the local 
ii:iciar artists, academics and social- 
• .»•; ^ere ! .oi grumbling about something. 

. : giit n the issues include a delayed 
\:i c-r :r.? annual season at the State 
■..■;.'crs and polemics over the architectural 
_ :.:i gn for a new museum that is supposed 

In Green Alpine Landscape^ 
An Ominous Line of Trucks 

By Brandon Mitcbener 

G ROWING transit traffic was 
the most hotly debated obsta- 
cle on Austria’s road to join the 
European Union. 

Vienna demanded a 'reduction in the 
stream of trucks and cars that has black- 
ened snow, killed trees and generally de- 
stroyed the natural tranquility of the Ti- 
rol. Brussels demanded free passage. 

The problem seemed to be resolved 
when Brussels agreed to recognize tough 
Austrian environmental restrictions on 
North-South truck traffic through the 
Brenner Pass, which links Munich with 
Verona via Innsbruck, as a condition for 
Austria's membership in the Union. 

Four months after Austrians approved 
plans to join the Union, however, the quiet 
that had temporarily descended over the 
touchy subject is again being disturbed by 
the thunder of tracks. 

Rather than falling as expected, both 
automobile and truck traffic through the 
pass has increased so far this year, much 
to the consternation of residents, tourists 
and environmentalists. 

The Transit Treaty that took eftei .it 
the heeinninR of this year aimed to t-i 
traffic-related air pollution in 
at least 60 percent bY the year -004. 

It measures progress . by a complieateo 
system of ycW* 

rbpean Union country is given a quota ^ 
E" that is then adjusted to account 

by its vehicles. Countries with older flea, 
are thus punished and those with modern 
fleets rewarded. 

But while German, Italian and other 
EU truckers caD the treaty “very restric- 
tive," Mr. Sloma said it clearly was not 
restrictive enough. “It’s obvious Austria 
awarded the Union more eco-pomts than 
it would ever have been capable of using-, 
he sali estimating that 29 percent of the 
eco-poinis awarded were left unused, j 

“We had a strong position and we blew 
it,” he said of the original Transit Treatv 
talks. Now that the treaty has been en- 
shrined as an official experiment of the 
European Union, the Union will quietly 
do away with it” once the 60 percent 
reduction has been achieved, he said. 

- .inusi a rare and valuable collection of 
- rejsionist art. 

The Leopold Museum would stand to the right of the tower ; in the courtyard of the old Imperial stables. 


ire Klimts, Kokoschkas 

lucked away in a high-security and 
c.M.ia uncontrolled metal container about 
I: - meters long, on the ground floor of a 
r' ill -century building that was once part 
>:f -be imperial stables, is a collection of 
5.165 works of 20th-century Austrian art 
is, in the view of several critics and 
historians, more impressive than most of 
the modem art now available in Vienna’s 
venerable museums. 

tion will be named for Mr. Leopold, who 
will undoubtedly become one of its direc- 
tors. Austria, meanwhile, gets to retain a 
substantial and eye-catching portion of its 
cultural heritage. The paintings and draw- 

are truly a feast for the eyes. Here is 
” which is 

The collection is known as the Leopold - 
sammhtng and it is named after Rudolf 
Leopold, 69, a wealthy Viennese optho- 
mologjst who has just sold it to the Austri- 
an government. 

Oyer Lhe past few decades Mr. Leopold 

s by Gt 

acquired some of the finest works by Gus- 
tav Klimt, Oskar Kokoschka, Egon 
Schiele, An Lon Kdlig. and Richard Gersti, 
and his collection has been valued at as 
much as 6.5 billion sc hillin gs (S650 mil- 
lion). It has also been Lhe subject of literal- 
ly years of negotiations between the gov- 
ernment and Mr. Leopold, who wanted 
the art to remain in his native Austria. 
Finally, on Aug. 10. a deal was struck 
under which Mr. Leopold transferred the 
collection to a foundation, having agreed 
that the government would pay him 2.2 
billion schillings over the next 15 years. 

The museum that will house the coll ec- 

u's “Life and Death,’ winch is con- 
sidered the single most valuable work with 
a value of more than $40 million. Here are 
also what critics say are 46 of the best 60 
works by Egon Schiele. 

So far so good. But the Leopoldsamm- 
lung is not just about art. Like everything 
else in Vienna, it is also about politics, and 
the politics of architecture. The deal that 
was struck required the approval of Er- 
hard Busek, the conservative vice chancel- 
lor who is also responsible for museums. 
But opposition to an architectural plan to 
house the collection has been fierce, espe- 
cially from conservationists who dislike 
the postmodern contours of the design. 

A jury decided on the architectural de- 
sign back in 1990, and zoning approval 
was granted last year, but Austria's con- 
servation and monuments authority has 
yet to role. 

So controversial is the whole affair that 
an official involved, who insisted he not be 
named in print, said: “This could go on 
for another 10 years!” If that seemed like a 
dire prediction, he noted that in the mid- 
dle of the last century it took Emperor 

Franz Joseph some 17 years to build Vien- 
na’s Kunstbistorisches Museum — fam- 
ous for its scores of Rubens and Bruegh- 
els. “There were problems with the 
architectural plans, there were countless 
delays,” said the official “And remem- 
ber,” he added. “Franz Josef was an abso- 
lute monarch, and he couldn’t get his way 
too quickly. The situation with the Leo- 
poldsammJung is completely normal for 
Vienna. Nothing has changed.” 

burg musician whose last success was the 
solo part in Igor Stravinsky's “The Song 
of the Soldier” at last summer's Salzburg 

The only requirement for the musicians, 
said Mr. Lachs, is that they must pay to 
insure the instruments themselves. 

A Night at the Opera 

Banking on Stradivari 

An interesting feature of the Leopold- 
sammlung deal is that half of the purchase 
price is being donated by the Austrian 
National Bank, the central h ank. The 
bank's executives have gone out of their 
way to promote Austrian culture, and that 
includes an unusual musical project. 

The central bank’s pension fund has 
assembled a collection of more than 20 
antique violins, violas and cellos, with a 
combined value of more than $20 million. 
Hie instruments don't just sit in some 
warehouse; they are loaned to young Aus- 
trian virtuosos. 

Thomas Lachs, an executive director of 
the bank, cited two examples of the pro- 
ject — the loan of a Guarneri to Julian 
Rachlin, a young Latvian-born violinist 
who is now recording for Sony, and of a 
Stradivari us to Benjamin Schmied, a Saiz- 

Mean while, some of Lhe stodgier pa- 
trons of Vienna's Slate Opera are up in 
arms. The issue is not Loren MaazeL, who 
left his job as director in Lhe 1980s, nor 
Claudio Abbado, who departed in 1991. 
Nor is it the complaint by some that loan 
Holender, the current Romani an-bom di- 
rector, is not “modem” enough. 

This year the opera fans are moaning 
about the fact that the season's start has 
been delayed two months by repairs to 
hydraulic lifts and other pieces of the 

Rudolf Scholten, 39, Austria's energetic 
minister for education and culture, 
brushed aside the complaints, noting that 
the work is the last portion of a renovation 
that began in 1990. The muttering, he 
contended, will fade away when the opera 
finally starts up on Dec. 14 with a perfor- 
mance of Richard Strauss’s “Elektra.” 

“Some Viennese may be upset." the 
minister noted, “but it's really just coffee - 
house chatter.” 

‘The Transit Treaty has not prevented 
a single truck from driving through Aus- 
tria,” fumed Friedrich Smola an activist 
with the opposition Greens, which had 
long lobbied for greater restrictions than 
those provided for in the agreement. - 
The Greens, who gained three seats in 
the national elections in October just 
weeks after gaining representation in the 
Tixolean parliament for the first time, 
largely because of the Brenner debate, 
recently demanded that Austria be al- 
lowed to name the European Union trans- 
portation commissioner to seek greater 
pan-European restrictions on heavy truck 

The government of Tirol is more re- 
served. “It will take a few years for the 
situation to get better.” Friedel Bergeron 
spokesman for the Tyrolean goverameiff.' 

I NSTEAD. Austria's new commis- 
sioner, Franz Fischler, has been 
named the European Union comms- 
sioner for agriculture and rural de- 

This September alone, 102,700 trucks 
and 809,000 cars barreled through the 
Brenner Pass, up 9.7 and 7.9 percent, from 
a year earlier. 

Projections for the full year portend a 
similar result According to Erich Reiter, 
chief customs officer in Brenner, the num- 
ber of trucks crossing Austria through the 
pass will rise to 13 milli on in 1994. A 
decade ago, less than half as many passed 
through. Car traffic has been boosted by 
an increase in Eastern German tourists. 

Despite the restrictions, the Austrian 
Transportation Ministry predicts transit 
traffic will grow 170 percent by the year 
2010 . 

On the chance that it does not, however 
— and afraid that even tighter restrictions 
planned in Switzerland will lead to addi- 
tional traffic through the Tirol — Austria 
is pressing ahead with plans to follow the 
Swiss lead and force a larger portion ot 
through traffic to ride on trains running 
beneath the Alps. ’ 

By the end of the year, according to Mr. 
Berger, Austria will draw up plans to build 
a tunnel that would stretch 55 kilometer 
(34 miles) from Inns bruck to Italy. Thai 
would make it Europe's biggest tuoiej 
project, longer than even the Enslsh 
Channel tunnel 

The plan; which foresees completicfi of 
the tunnei'by the year 2005, has beement 
a certain .urgency by Switzerland's Inci- 
sion this February to force all fdeigi? 
truck traffic through the Swiss Alpsbnio 

Austria's transit traffic prol em; 
though similar to that of Switzerla 1, i$ 
dramatized by the fact that it is uch 
easier and cheaper for trucks to! rive 
between Germany and Italy via the renf 
ner than via Switzerland's Gottharc un- 

The Brenner is the lowest of skeri 
passes through the Alps, four of whictiue 
m Austria and three in Switzerland. . 

While roughly three quarters of trasil 

What’s going on? “The devil," ex- 
plained Mr. Smola, “is in the details.” 

traffic oosses Switzerland by rail on! a 


quarter of traffic crossing Austria 
the train. 




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'■ vesfc 





Page /J 


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gUlfRIB INDEX: 117 

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World Index 

11 '1/94 close: 117.36 
Previous: 117.75 

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Apprac. weighting: 32% 

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Approx, weighting: 28% 
Close: 96 J7 PfBV3 97.69 


Japanese Companies Learn to Ride With the Yen 

By Steven Brull 

International Herald Tribune 

TOKYO — The yen's 14 percent rise against 
the dollar so far this year has taken the Japanese 
currency past a critical threshold that has forced 
its major export industries to reorganize their 
production systems in order to remain 

Nearly four years after the economic bubble 
collapsed, sending profits spiraling off their tow- 
ering peaks, automakers and electronics compa- 
nies are beginning to see a profit turnaround and 
many have climbed out of the red. The turn- 
around remains spotty, however, and largely 
cyclical in nature after the long slump. 

It is nonetheless remarkable in view or the 
yen's recent surge and underscores a fundamen- 
tal fallacy in the argument that a strong yen will 
suppress the competitiveness of Japanese manu- 
facturers: Global demand for products and 

growth in the Japanese economy are as impor- 
tant as the yen rate, and even further increases in 
the yen would be manageable as long as the rise 
is not too rapid. 

“The rapidity of the yen's appreciation is far 
more important than the actual level,* 4 said Keith 
Donaldson, head of equity research at Salomon 
Brothers in Tokyo. “As long as there’s a relative- 
ly long period of time, most companies can do a 
lot to reorganize their production.” 

Indeed, the surge of the yen to parity with the 
penny in August 1993 got Japanese industry in 
gear with another round of restructuring that has 
begun to pay off, in the form of improved earn- 
ings for the first half of the year ending March 
31, 1995. 

The major moves are well documented and 
include a cutback in hiring, reductions in payroll 
costs through attrition and reduced bonus and 
overtime compensation, a shift of production to 

offshore factories, especially in Asia, and in- 
creased use of imported supplies. 

Yasushi Mieno, governor of the Bank of Ja- 
pan, also downplayed the negative effects of the 
yen’s appreciation on the Japanese economy, 
citing brisk exports backed by economic recov- 
ery abroad. 

“On the micro side, many companies are fac- 
ing pain, but the overall effects on the macro side 
are neutral, with buoyant overseas economies 
offsetting lower price competitiveness,” Kyodo 
news agency quoted Mr. Mieno as saying in a 
speech Tuesday. 

The Bank of Japan has also said that Japanese 
companies were poised to reap the benefits of 
cost-cutting measures instituted to help them 
weather the recession and the yen's rise. 

Even if sales stay flat in the year that ends 
March 31, Japanese manufacturers' profits will 
rise 1 12 percent from the previous year, the bank 

said in a report. If sales grow 1 percent, current 
profits will jump 29 percent, and if sales increase 
3 percent, current profits will soar 62 percent, the 
bank forecast 

“Japanese companies have succeeded in re- 
vamping their operations so they can earn profits 
even with low sales, 44 said Masaalo Kanno, chief 
manager at the central bank's economic statistics 
division, according to Bloomberg Business 
News. “And restructuring efforts are 

Despite these moves, Japanese companies re- 
main rather domestic in their orientation com- 
pared with American or European companies. 
As a result, there is much more they can do to 
bring their costs of production closer to interna- 
tional levels. Further appreciation of the yen, 
moreover, is certain to accelerate the process. 

See YEN, P&ge 15 

Astra Buys 50% 
Of Merck Venture 
For $820 Million 

Tta end u trade* US. doBar valum d stocks ttv Tokyo, Now York, London, and 
Aiyantina, Australia, Austria, Belgium, Brazil, Canada, Chile, Danmark, Finland, 
Papes, Germany, Hang Kong, My, Medea, Motherlands, New Zealand, Norway, 
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1 Industrial Sectors 1 

n* Pm « 

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Too. Pm*, 

dm dm 


. taw 117.7B 119.47 -1.41 Capital Goods 

118.49 118l94 


rates 129.04 129.84 - 0.62 fenrlMerUs 

13828 139.60 


«nan» 117.71 117.81 -0.08 Coiwibw. G oods 

105.79 105.B4 


mbs 120.02 120.45 -0.36 MisceiteneotB 

12fL35 '127.17 


or mon information atjouttte Index, a booklet Is avaBabtotma Of charge. 

¥mv to Trib Index. 181 Avenue Chutes de GauB% 92521 NeoXyCedex, Fiance. 

Compiled by Oar Staff Fran Dispatches 

New Jersey — Astra AB said 
Tuesday it had paid Merck & 
Co. $820 million for half-own- 
ership of a company created to 
extend a 12-year-old collabora- 
tion in sefling Astra dregs in the 
United States. 

Astra, a Swedish drug com- 
pany, exercised an option to 
buy a 50 percent slake in Astra 
Merck Inc. The company will 
continue a 1982 partnership un- 
der which Merck sells three As- 
tra drugs in the United States. 
Merck had been paying Astra 
an estimated 15 percent to 20 

percent of sales in royalties. 


Astra Merck, based in 
Wayne, Pennsylvania, will help 
expand Astra’s presence in the 
United States, while allowing 
Merck to profit from Astra's 
research, the companies said. 
The company will now have ex- 
clusive lights to develop and 
sell most Astra drugs in the 
United States. 

Terms of the partnership 
gave Astra the right to take a 50 

percent stake in the new compa- 
ny in exchange for a payment 
about equal to one year's UJS. 
sales of Astra products. Rapid- 
ly rising Prilosec sales gave As- 
tra an incentive to exercise its 
option, analysts said. 

Merck said it would record a 
gain of $275 minion in the 
fourth quarter from Astra’s 
payment Merck stock closed 
up 25 cents at $35,875 on the 
New York Stock Exchange. 

"In the long term, they con- 
tinue to have a great relation- 
ship, and Merck has access to 
Astra’s pipeline of new drugs,” 
said Bob Hodgson, an analyst 
at Cowen & Co. in Boston. 
.Among drug companies, Astra 
“has historically been the most 
productive in terms of new 
products." he said. 

The venture's fortunes are 
tied largely to one drug, the 
ulcer medicine Prilosec. It gen- 
erated 93 percent of the $737 
million in sales posted in the 
first nine months of 1994. 

f Bloomberg, AFP) 



j- . r: i— 

— - . * •* re 

v.~ : - 

-.’•ri I 

: -»i --• u . j 

•r - i 

-■ • i 

azine Hot-Wires the Internet 

. By John Markoff • . ” " ‘ _ 

Newspapers 9 Numbers Fall 

ovetipqlang a freeway here, 

going to be the loser in all of 

\y^ magarixte has just be- 
mm «n experiznc ut that some 
people say represents the fu- 
ture of publishing. 

..Already something of a 
phenomenon, the. 2-year-old 
magazine has captured-.a fol- 
lowing of more than 160,000 
readers by lapping into an ob- 
session with digital technol- 
ogy, and computer networks. 

Wired has just t aken a fur- 
ther step and introduced 
Hotwired, an on-line service 
that blends demonic publish- 
ing and the interactive power 
of the personal computer with 
jl r^nnrf- 


ing’ihat Wired’s editors refer 
to somewhat self-consciously 
as “way new journalism.” 

V The creators are going to 
some lengths to differentiate 
Hotwired from a host of other 

New York Times Sendee 

NEW YORK — Nine at the 10 largest metropolitan 
newspapers in the United States lost weekday circulation in 
the six months ended Sept. 30, compared with a year earlier, 
according to industry figures. 

But newspaper executives and industry analysts said they 
were relieved that a circulation plunge reported by many 
ne w spapers six months ago had slowed to a gradual slide. 

The circulation losses were widespread, with declines re- 
corded at The New York Times, The Washington Post, 
Newsday, the Chicago Tribune, Detroit Free Press, Dallas 
Moating News and San Francisco Chronicle, among others. 

Of the 10 biggest metropolitan dailies, only the Uk; Angeles 
Times did not report its circulation Monday. Its circulation 
also has been dropping for several years. 

The figures were released Monday by the Audit Bureau of 


Among other major U.S. newspapers, The Wall Street 
Journal also reported a decline in circulation, while USA 

Today said it had an increase, because of bulk sales. 

A few of the big dailies that registered modest circulation 
losses for their Monday-to-Friday issues, such as the Daily 
News in New York and The Washington Post, showed gams 
in their Sunday papers. 

on-line publishing efforts. The 
rvice, which ' 

i will be free 

new service, 

but will require users to sign 

up as menu 

will combine 

ily short articles on so- 
ciety. and technology with a 
range of interactive features. 
For instance, the text of a-re- 
port on a musical group might 

be accompanied by sound and 
video dips. 

If it is successful, the service 
will not be a competitive 
threat to conventional print 
publishing, its creators say, 
but rather to traditional 

broadcast and cable televi- 

“This is not a zero-sum 
game for the publishing 
world,” Louis Rossetto, 
Wired's publisher and co- 
founder, said. “Television is 

By seeking to provide com- 
pelling multimedia entertain- 
ment and information that ar- 
rives in the home via personal 
computer, Mr. Rossetto envi- 
sions a world in which televi- 
sion is increasingly irrelevant 

Hotwired, which was intro- 
duced last week on the global 
network of several million 
computers known as the In- 
ternet, is broken down into 
“ chann els" and “sections” de- 
voted to reader participation 
and on-line galleries of digital 

Users are able to view digi- 
tal animation and music vid- 
eos, and publishers of soft- 
ware games can showcase 
“dips” from their latest prod- 

The service does not have 
an easy vocabulary of terms 
yet to explain its features. 
“We ve struggled with the lan- 
guage a lot,” said Barbara 
Kuhr, Hotwired’s creative di- 
rector and a partner in the 
design firm of Plunkett & 
Kerr. “This is leading to a 
redefinition of the arts. This is 
a place where we can experi- 

One expression that ap- 

See WIRED, Page 14 


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Source: Reuters. 

Network TV Regains Its Edge in U.S . 

By Paul Farhi 

Washington Post Service 

WASHINGTON — Only two years; 
ago, in the midst of a recession that 
ravaged the American television indus- 
try's revenues and self confidence, ABC 
President Robert Lger made a gloomy 

Warily noting the 500-channel world 
to come, Mr. Iger forecast that the future 
would hold “fewer networks.” 

Then ag ain, TV executives are often 

Rather than imploding network tele- 
vision — the dominant source of news 
and entertainment in American house- 
holds for decades — is in the midst of a 

Advertisers recently lavished a record 
$4.6 billion on the four major networks 
— ABC, CBS, NBC and Fox — to buy 
time on their new fall shows. For the full 
year, analysts project nearly $12 billion 
in sales, also a record. 

The TV networks, which reach 98 per- 

cent of the U.S. population via hundreds 
of affiliated local stations, have become 
such an attractive business that major 
media companies are racing to start one 
of their own or buy an existing one. 

The fist of those pitching buyouts and 
joint ventures at broadcasting's Big 
Three seems to lengthen by the day: 
Barry DiHer *s QVC Ino, Walt Disney 
Co., Time Warner IncL, Ted Turner, 
Trie-Communications Inc., ITT Corp. 

Meanwhile, Time Warner and Viacom 
Inc.'s Paramount studio are poised to 
launch their own minibroadcast net- 
works in January, adding a fifth and 
possibly a sixth network. 

All of this underscores a point that 
wasn't obvious until recently: The net- 
works, once thought of as an endangered 
species, are resurgent. 

“A year ago, people were talking 
about the death of broadcasting,” said 
Reed E. Hundt, chairman of the Federal 
Communications Commission. *'If 
broadcasting died, it went to heaven.” 

The networks have benefited from a 
combination of better management, slow- 
ing competition and a revival of spending 
by advertisers. But at the bottom, they 
always have had a powerful advantage: 
No other medium can reach virtually ev- 
ery household every eight of the week. 

Much of the industry’s current good 
fortune is due to an improving economy, 
which has driven up demand for network 
advertising and hence the amount the 
networks can charge advertisers. Prices 
for commercial time are at record levels 
on many shows. A 30-second ad on 
ABCs “Roseanne,” for example, now 
costs more than $300,000, according to 
one network official 

What’s more, the recession taught the 
three leaders how to control their costs, 
particularly program budgets. A key rea- 
son for the proliferation of prime-time 
“reality” programs and news “maga- 
zines” such as ABCs “Primetime Live,” 

See TELEVISION, Page 15 

Stocks Tumble as Inflation Specter Looms Again 

Compiled by Oar Staff From Dispatches 

NEW YORK — U.S. stocks 
tumbled Tuesday after a widely 
followed survey of corporate 
purchasing executives said the 
U.S. manufacturing sector and 
overall economy had surged in 
October and were likely to grow 
further in the next few months. 

“The general consensus is 
that the economy is growing 
faster than expected," which 
means “rates are going to go 
much higher" as the Federal 

Reserve tries to cool down the 
economy, said Philip J. Orlan- 
do, money manager at First 
Capital Advisers. 

The Dow Jones industrial av- 
erage slumped 44.75 points, to 
3,863.37, extending its drop of 
2234 points Monday. 

In reaction to expectations of 
rising inflation. Treasury bond 
prices posted their biggest loss in 
two weeks. Yields on the bench- 
mark 30-year Treasury bonds 

rose as high as 8.06 percent from 
7.98 percent on Monday. 

The National Association of 
Purchasing Management said 
its monthly index of economic 
activity rose to 59.7 in October 
from 58.2 in Sajtember as pro- 
duction reached its highest level 
since December 1987. Analysts 
had widely forecast a reading 
near 58.8 for October. 

A reading that exceeds 50 in- 
dicates a manufacturing expan- 
sion, while a reading below 50 

indicates a contraction. Octo- 
ber was the 14th month in a row 
above 50 on the index. 

The purchasing managers' re- 
port indicated the robust 
growth would continue, as new 
orders to U.S. factories also 
posted a sharp advance. New 
orders are considered a reliable 
barometer of how business will 
fare in the coming months. 

Meanwhile, the association's 

See STOCKS, Page 14 


Consolidated Statements of Condition 
and Summaries of Results 

These statements and summaries represent the consolidated accounts of Republic New York Corporation and its 
wholly owned subsidiaries and of Safra Republic Holdings S.A. and its wholly owned subsidiaries. Republic 
New York Corporation owns 48.8% of Safra Republic Holdings S A., which is accounted for by the equity method. 

Cash and due from banks 

Interest bearing deposits with banks 

Precious metals 

Investment securities 

Trading account assets - — 

Federal funds sold and securities purchased 

under resale agreements 

Loans, net of unearned income.. — — 

Allowance for possible loan losses 

Loans (net) 

Other assets 

Total assets . 


Total deposits 

Trading account liabilities - - 

Short term borrowings - — 

Other liabilities - 

Long term debt - - 

Subordinated long-term debt and perpetual capital notes 

Shareholders’ Equity 

Cumulative preferred stock — 

Common stock and surplus, net of treasury shares — 

Retained earnings 

Net unrealized depreciation on securities available 
for sale, net of taxes 

Total shareholders’ equity 

Total liabilities and shareholders’ equity . 
Bode value 

ralue per share 

Clienr portfolio assets in custody ......... — 

Net income, for the nine months ended...-—.... 
Net income per common share (primary) — 
Average common shares outstanding (primary). 


September 30, 


September 30, 






(In thousands of XJS$ except per share data) 

$ 638,380 

$ 557,003 



$ 52,123 































8, 750,254 








$41 ,209,733 


$ 12,367,989 



$ 22,379,887 



$ 7.153.245 



























1,403 355 














$ 12,367,989 


$ 37.79 

$ 35.56 



$ 66.19 



$ 5,014,627 

$ 250,624 

$ 221,278 



$ 85,029 

$ 4.28 

$ 3.82 



$ 4.80 





Risk'Rased Capital Ratios 

As of September 30, 1994, Republic New York Corporation’s risk-based core capital ratio was 16.45% (estimated) and 
total qualifying capital ratio was 28.00% (estimated). 7he ratios include the assets, risk-weighted in accordance with the 

■ a P- 1 1 D.v>n4 AlwllOlI fA P OAl 1 klir Yrttk Crwrvvrarinn on n fiillu 


total qualifying capital ratio was 28.00% (estimated). The ratios include me assets, nsk-weignceti in accordance wrth the 
requirements of the Federal Reserve Board specifically applied to Republic New York Corporation on a fully consoli 
dated basis and capital of Safra Republic Holdings S.A. Total consolidated assets exceeded US$ 50 billion and rota 
consolidated capital, including minority interest and subordinated debt, exceeded US$ 5 billion. 

Republic New York Corporation 
Fifth Avenue ar 40th Street 
New York. New York 10018 

Safra Republic Holdings S.A. 
32, boulevard Royal 
2449 Luxembourg 


12 , 












s- • 



Dollar Weakens 
On Inflation Signs 


1 Complied by Our Stuff From Dupaxhts 

; new YORK — The dollar 
» fell against most other major 
‘ currencies Tuesday after siron- 
i ger-than-expected U.S. eco- 
; nomic reports ignited concern 
! about inflation. 

• The dollar closed in New 
| York at 1.4948 Deutsche marks, 
: down from 1.5034 DM on 
j Monday, and at 96.65 yen, 

■ Foreign Exchange 

! down from 96.90 yen. The dol- 
lar also finished at 5.1190 
j French francs, down from 
5.1465 francs, and 1.2458 Swiss 

* francs, compared with 1.2565 
1 francs. 

> But the dollar strengthened 
against the pound after the 
Bank of England revised British 
' inflation projections down- 
, ward, lowering expectations for 
further interest rate increases. 
The pound weakened to 
SI .6335 from SI. 6355. 

The dollar was undermined 
by a report from the National 
Association of Purchasing 
Management that said manu- 
facturers had paid more for raw 
materials in October than they 
had in six years. The report is 
widely considered to be a gauge 
of U.S. inflation. 

“The report destroyed the 
notion that we can have strong 

growth without inflation,'' said 
Tom Hoge, vice president and 
currency trader at the Bank of 
New York. 

The data caused investors to 
dump dollar-denominated as- 
sets such as Treasury bonds and 
stocks, which pulled down the 
dollar amid sentiment that few- 
er overseas investors will be 
needing die currency to buy 
U.S. assets. 

Traders are now focusing on 
Friday, when the Labor De- 
partment is set to release em- 
ployment data for October. 
Strong job growth could spur 
the Federal Reserve Board to 
raise interest rates for the sixth 
time this vear. 

“If the Fed doesn't raise in- 
terest rates by at least three- 
quarters of a percentage point 
at its next meeting, the dollar 
will collapse," said Albert So- 
ria, foreign exchange manager 
at Kansallis Osake Pankki, a 
Finnish bank in New York. 

The Fed's policy-making 
Open Market Committee next 
meets Nov. 15. 

“A lot of people believe the 
Fed is behind the curve on 
heading off the economy's mo- 
mentum," said Alfonso Aiejo, a 
trader a Sakura Bank. Negative 
sentiment toward the dollar is 
becoming “feverish" as a result, ] 
he said. (Bloomberg, AFX) ■ 

r™ •:** u: a ' a t sqm ' 

HYSE Most Actives 

VttL HMI Low Lost CBS. 
39tt JWi. 38ft — Mi 
7 «4 646 — *4 

il» 5946 60* — ' * 

MW 93'/, 93% — % 

47* 45* 46 Vk —1* 

29% WO 29ft 
291* 28% 29 — V* 

33% 3S»a 33* -% 

33 30% Jlta -II* 

Dow Jones Averages 

Indin 3892-98 3908.12 3853.33 3863J7 — 44JS 
xrons IS3630 1B8J9 151100 ISZ23C -4.]? 
m ,179.94 181:19 17149 17948 —1.91 
Canw 130233 I3Q7J0 I2M40 129632 — 11JS 

St a n dar d A Poor's Indexes 

High Low GKae OTse 
Industrials 361 JB 556.10 55630 —440 

Tramp. 34773 36339 367.16 4078 

Utilities 15X07 151 JM 15144 - U1 

Finance *173 <XU 4X2S —048 

sp sco mas *a m 4tt*a -ira 

5P 100 43778 43X46 43476 —342 

NYSE Indexes 

25849 256J9 25674 —1.95 
32649 32X77 32437 —133 
2354/ 23X08 23 £24 -0J37 
70459 202.12 20154 —105 
205.1 5 20X12 203J8 —177 

NASDAQ Indexes 

Cftimcsite 774.12 7T131 77118 — S M 

Industrials 7B4B9 7BX06 78X31 — 4.« 

Bank! 734.99 730JO 730.90 -1B2 

inwranca 92X10 917JI7 91740 -7 M 

Finance 907.91 90448 905.14 -itB 

Tramp. 7BX30 69943 70027 —747 



ao» Prt9i«» 

Did Ask DM Aik 

ALUMINUM (High Grade) 

Dollars per metric 

Spot 183200 183X00 178700 178840 

Forward mm 185600 1809.00 1810.00 


Dalfm per metric ton ... 

Spot 271280 771X00 S6MJJ0 244X08 

Forward 2W6J0 269780 264930 245080 


Dehors per metric ton 

1*32 1X37 
1649 1630 

Spot 66)St 

Forward S7EUK 

Dalian Per m etric Ion 
SPOT 741580 7 

Forward 753580 

sau per metric I 
Snot 598080 

Forward 407580 
ZINC (Special HM 
Dollars per metric i 

66180 66X50 65X00 65480 
67SJ0 67980 A6980 67080 

1485 1680 +02 

1632 14-53 +0-25 

1637 1637 +X» 

N.T. 14-51 +0» 
N.T. ltS +034 
N.T. 1453 + dP 
1630 1630 + 030 

Est. volume: 47369- Open W. 179489 



741580 742580 7)9580 720580 
753580 754080 731030 731580 

, HJoR LPW dose Chany* 
598080 599080 587080 588080 ssKTMn PrtW 

JSff «M» *■» **" UK sms 2555 ™ +JM 

MS* *K *SK W tu 

Ills W !M lttS 

— Ouetooftotkiar. 

Sources: Motif. Associated Press. 
lbw am amm London Mi F in an ci al FvtvtOt Ex&anpe, 
LOWDBW change an Petroleum Exaanaa. 













Compaq s 

Dow Joins Bond Averages 







+ OD1 





+ 034 





+ Off1 







91 Jl 













+ 033 




+ 032 





+ 031 





+ 031 










+ 031 


Per Amt Rec Per 

. 3806 12-4 1*1 

_ 855 11-1 IMS 

„ m I Ml IMS 
. 855 n-1 11-15 














73 Vi 


— H 




+ W 





30 Bonds 
10 UfllltlM 
10 Industrials 

AMEX Stock Index 

ges ESt. volume: 60474. Own ifti.: 404,902. 


Ctrge 81 mUlloa - pij of 100 pet 
.038 Dec N.T. N.T. 9481 —003 

-0J5 N.T. N.T. OH -064 STOCK SPLIT 

i, „ Job N.T. N.T. 9386 — ■ 087 

Sep N.T. N.T. 92.72 —087 Concepts Direct 2 tor 1 spiff- 

ED. volume: 0. Open inv. 400. iNrarurr 


DM1 million -pts of loepd SStSSSmSp. 

Dee 9483 9480 9482 Until. AraaWlSSs A 

Mur 9455 9480 9483 — 081 

Js® 94.16 <M.W 904 — SS? iiSEXjn mSrfc* 

u, 0,77 oi», nil nm erarancwanc 

HWh Low LOU aw. 
458-S7 455J? 45582 —385 

AmCap Cars Bd 
AmCoo FedMftzA 
Arnold Indus 

NASDAQ Most Actives NYSE Diary 

STOCKS: WaQ Street Tumbles 







Con cp 








VoL Vflgh Low Lost 
20 1S14 30 

39Vi 40 
30H 2914 DU 

1414 13H 14V, 

ISVk 144s 141* 

n 22H 271* 
554* 54 VS 541* 
104* 99* W B 

221S 214* SI’S 

621* 624* «344 

"h ■%< Vu 

26>Vu 25V* 24* 

*W U 424* 43V. 

Z4Vi 23 24 

451s 44V, 45fe 






Now Lows 

9286 —08* 

9X62 -am 

92« -082 

9231 —084 

9220 — (Un 
9110 —003 

AMEX Diary 

Coothmed from Page 13 
price index climbed to 79.9, the 
highest reading since July 1 988. 

“The highlight of the report 
seemed to be, the pricing com- 
ponent was higher than expect- 
ed,” said Joseph DeMarco, 
manag ing director for equity 
trading at HSBC Asset Man- 

“If this encourages the Fed to 
tighten rates even more than 

U.S. Stocks 

anticipated" after a Nov. IS 
policy council meeting, “that's 
going to make people uneasy 
about owning stocks,” Mr. De- 
Marco said. 

dropped 2 to 83ft, and Exxon 
eased 1 to 61ft. 

Citicorp fell 1H to 46 ft, along 
with other bank issues, as bonds 
weakened. Banks had gained a 
significant advantage from the 
three-year period of low interest 
rates that is drawing to a close 
this year as the Federal Reserve 
nudges rates higher. 

Philip Morris slipped ft to 
60ft, falling for a second day 
after a Florida judge granted 
class-action status Friday to a 
lawsuit against cigarette mak- 
ers, exposing the industry to an- 
other legal threat. 

Bankers T rust New York fell 
2ft to 64 amid news that the 
Securities and Exchange Com- 
mission was investigating the 
way in which the bank sold 

AMEX Most Actives 

Total taoes 
New Lows 

VToC vrt 



I omen 
XCL Ltd 

4059 14* 
3357 1V„ 










ioy 3 

• k 






— 14* 






-J 'fa 






— Vn 



•V h 


d£ S3 SS =SS|Si'^ 

SST %% 38 ®6 2 =8£ I SFSZZJF 

Sop 9263 9X59 9262 —083 

| Dec 9143 9143 9143 —082 

Mar 9231 9227 9231 —084 

Jun 9220 9218 9220 — 083 

Sen 9210 9237 9110 — 083 

Eat. volume: 61618. Oped Irrf.: 577,149. 


430800 - pts a 32 n«n onw pd 

Dec 101-08 100-08 101-07 +0-20 

Mar 99-23 99-23 TOO-11 +0-21 

Est volume: 4X323. Open InL; 108845L 

DM 250808 - Me «l 100 pci 
Dec B9J9 8X95 8934 +021 

Mar 8840 S026 8054 + 021 

Est volume: 87.110 Open Inf.: 180390. 


High Law Loll Seme Chve 

US. Mlars per metric Im-tots of 108 te» 

Nov 1SX75 150.75 1S125 

Dec 15550 15225 15475 

ion 156.75 15450 15425 

Marfcat Sales 

in muttons. 

To) cb( issues 
New Highs 
New Laws 

Spot Commodities 

Com modify TMm 

Aluminum, R> 0831 

Capper elecfintvttc. u> 121 

Iron FOB, Ion 21381 

Load, rt> ox. 

Sliver, tray az S27 * 

Steel (scrap). Ian 127JX 

Tin. lb an 

line, lb 0561? 










5) 13 
















Est. volume; 16S74 . 


It's never been easier to subscribe 
and save. Just call toll-free: 

0800 2703 


— Tj,S..Japanese Talks on Glass Fail j| - 

Mn „,»»« WASHIW^^‘^-“^ 3 yXT'ii h h a don!y a ^ : 

SKaS!S E ^W!5f««---« glass trade deal after - 

e IS Its !S ™ +“ negotiators failed M bnd 8 e ^ h “ Sld lhe Wfute Hou* not 

5 SSSfiQtR ^rJSSS^lshewLii. nomood tor. 

IS Its SS ISIS ”iS‘“^!S£5rf3toTte TO sides had agreed to sinke a 
|H? +£a speedy resumption oftatts- inc ‘^- ons ^ To ky 0 failed. 

nIt! n.t! nx Tig +o« ^iass trade pact by Mon<tey* b . , ly^. E bo th technical ar.d 
S S IS ^rogrea has been fiat-glass- 

me: 47269. OpenW. 179889 substantive ISSIU5S W the fl^tiaClOnS tO ^ y ^ 

market to foreign producers. W- m ^ 

Stock Indexes technical and substantive issues 

hhm low awe ownpa discussions would continue for a limited pent 

“?f mi 3iiw +im Simon Property Scraps Mall Deal 

WDIANAPOuKiooW) Xonh^^ ^ 

^ Tuesdgy it the SI 

Motif, a ssociated Press, shopp ing rpafls from partnerships run by the 

maa,m also ended talks on buying Compass Retajl 

TZ Inc. the mail-management business of Equitable s real estate urntv 

— xhe compaS'Sd it pulled out because some of the propeni» 

pw Amt Rec pmr it agreed to buy in August had be® withdrawn i from Thi e S^The 
irregular aiSuncement scraps what would have been the largest property 

: ^ ft? nil's purchase ever by a real estate investment trust. 

IBM to Send Software by Satellite 

: iT^eita SOMERS, New York (Combined Dispatches) - International 

- aiwiw Business Machines Corp. said Tuesday it wasjommg forew with a 
General Motors Corp. subsidiaiy for the transmission and distn- 

inSeaotd bution of software by satellite. ,■ 

..■“T 84 imi iT-w Under the deal with Hughes Network Systems, IBM Software 
^ HA * * ^ Manufacturing Solutions wul be able to transmit programs oirecuy 
wy g m iMi w to retaileis or to cliaits without having to record them on a disk. 

a .w i 2 -is R| IBM's software division also said it had reached a cross-licensing 
§ "j5 ii-4 1 j2i and techncdogy agreement with Goldstar Co- the Koreanconsumer 
correction electronics want. Goldstar will get IBM’s “microkemer techsoL 

c 354 n-4 1-3 ogy 7 which is the core layer of software programs designed for 
initial with various multimedia products. (AFP, Bloomberg) 

regular .. .. .« geeJig New Equity Investors 

m .sM io-3i Itia ST. LOUIS (Bloomberg) — Trans World Airlines Inc. is seelc- 
5,0 q ii^s ’K2 ing new equity investors while it negotiates a debt-reduction plan 
a 33 wth creditors, TWA’s president, Jeffrey Erickson, said Tuesday. 

§ ^ iwo TWA has pnjpwed a debt-restructuring plan that will reduce 
§ Is ivil ’im long-term debt to about SI billion, an $800 million cut The airline 

er o a ivis ms might seek an alliance with an airlin e operating in Lhe Pacific Riit 
o ”ji n-iB ih if its proposed debt-restructuring plan is implemented, he said, 
a £ iw 1 UB The airline also said its third-quarter loss narrowed to 58 
a 3 mi iS million from $61.7 million in the third quarter of L993. Revenue In 
* “ :S« ii-iJ! ivM the quarter rose to $989.4 million from $870.9 million. 

f .1 II 'll Regulators Probe Bankers Trust 

§ ^ i^l T-a NEW YORK (Bloomberg) — Securities iwulators are invepj- 
k ™ -o* 5 10-31 gating whether Bankers Trust New York Corp. broke federal 
m * securities law when it sold derivatives called swaps to Proctcj: & 
Gamble Co. and Gibson Greetings Inc., people close the situauon 

CEMBOURG The Securities and Exchange Commission and Commcoitv 

iubscribe Futures Trading Co mmis sion are Investigating whether Baikerjf 

_r Trust broke laws by withholding important information abo« the 

risk of the derivatives. j 

The investigation has shocked many in the derivatives ma-ket 

* .1 

•' ,if;i 


- 8485 11-1 11-15 
. MS 11-1 11-15 
_ JMZ 11-30 U-» 

- M 11-18 11-22 
. 345 1M0 11-18 

84 10-31 11-15 

85 U-30 11-30 
.11 11*14 U-1 
.14 1M8 12-7 
AS 11-38 12-9 
.10 12-15 1-16 

395 11-11 1V» 

■M c 354 11-4 

FratSI Con»l GM c 354 11-4 T-3 

&rav bad pervobto data. 


Kcrm amef ol Incn . .15 11-10 11-25 


G 32 11-1 11-15 

M 8485 10-31 11-U 
Sac M 8*5 11-30 11-30 . 

8 85 11-15 12* 

85 11-01 1» 1 
S 33 12-7 1-2 

8 375 11-24 12-15 ; 

•45 1V10 12-1 ) 
O .14 12-19 12-29 

Q .13 11-M 12-2 

Cf O 37 11-15 12-15 1 

a 345 11-17 121 1 

a 31 11-18 12-2 

S 83 11-15 721 | 

Q .14 114 11-30 1 

O .10 11-M 121 

8 30 11-15 121 

.13 IMS 1215 
B .125 11-77 121 
Q 375 11-18 127 
O .10 1215 1-3 

* M 845 1031 11-1 
(K nmnii s-poyaMe (a Canmnan funds ; m- 
, monOUtv: tj-goorterly; s^emMumvtd 

.13 IMS 1215 
.125 11-77 121 

WIRED: Magazine’s On-Line Service Aims to Threaten Traditional TV 

because it suggested the SEC wants to change the wav in ujucfr 
regulators treat swaps and other derivatives, putting them Lrj the 
same class as other securities. \. 

Coathmed from Page 13 
pears to be emerging at 
HotWired's editorial offices is 

j ■. _ * r iiULtvuui a LAuiuiuu umwa ia 

“loop it," which refers to a tech- 

directly connected to the Inter- Mr. Rossetto says there are 
net. Such a connection will per- already several hundred thou- 
mit users to browse through a sand computer users who have 
vast library of documents, im- powerful work stations or PCs 

ing introduced with rather im- 
pressive resources. 

While Wired took almost a 

For the Record 

Three stocks dropped in way in which the bank sold & ear 1 J,? ^ ^ connection wilJ per- already several hundred thou- passive resources. Hershey Foods Cop. said k would take a charge of between !97, 

nrirr for Radi one that rose on comole\ derivatives, such as fu- Hotwired s editorial offices is nut users to browse through a sand computer users who have milhon and $105 million m the fourth quarter to cover the cosuof 

the bSS. wWle^olSS m Sm TxS “loop it," which refers to a tech- vast libraiy of documents, im- powerful work stations or PCs ^ Wired took almost a cutting about 400 jobs. (Bloombeg) 

taled 314.96 million shares, up swaps. ? Two of its clients, nic J ue Jp r contmually r^eating ag«, sound and software on the intheir offices that are connect- year Coca-Cola Enterprises Inc. reached a preliminary agreementto, 

from 302.77 million Monday. Procter & Gamble and Gibson ^ sound or i^eo image. Recent- porhon of the Internet known ed to fast networks that can fl advertiser. Hotwired is start- acquire Wichita Coca-Cola Bottling Ox, which is privately heaf 

u- i . D , n Greetings, have sued, claiming y * 5 cmbers djscov ' as Jhe World Wide Web. take full advantage of mg with a full complement of • for $150 million. (Bloomberg 

Biogen plummeted 9 to 40. , ® suea ’ aiming ered a While House computer “The Internet is still reach- HotWired’s text, imaaes and big-name companies among its ^ 

Biogen plummeted 9 to 40. 
The biotechnology company 
took a $25 million pretax 
charge to hall development of 
Hirtilog, one of its two most 
important experimental drugs, 
after it failed human tests. 

Dow Chemical slumped 3ft 
to 70ft on an unfavorable Texas 
court ruling on silicon breast 
implants and the general mar- 
ket decline, analysts said. 

Oil stocks weakened as Pru- 
dential Securities cut its invest- 
ment rating on five petroleum 
'stocks. Atlantic Richfield 
[slipped 1ft to 107ft. Mobil 

they were misled. 

I W urn WWVHBWI W the software comnanv would rw- uicuuuuns gw. axis, icgc campuses, saia nruce 

•& one of its two most shouts “ loc P ir ** executive at The 

tant expenmemal drugs, S* Sf,WoL he ard around the office, fol- Well, an on-line service in Sau- 

t failed human tests. lowcd ^ a c** 0 ™ 5 of meows - California. But Mr. Katz: 

v Chemical slumped 3ft rose 0 n soecuiation that a laree Soms computer executives acknowledges that interest in 
, on an unfavorable Texas compuuStpMy. poSiblyS “y.^esovice has not yet been the World Wide Web is growing 
raling on silicon to. .cmLnai BustoXtenes, 

reach- HotWired’s text, images and big-name companies among its 
people sound. 14 initial advertisers, including 

Rrurlp Unlike the print version of AT&T Corp., MCI Commtmi- 
. -r-. Wired, which was started on a cations Corp- Sprint Corp- In- 
Sau shoestring by Mr. Rossetto and temational Business Machines 
K " Jane Metcalfe, two new-media Corp- Volvo AB and Club Mfr- 
entrepreneurs. Hotwired is be- diterranee SA. 

Bernardo Dominguez Cereceres, a Mexican entrepreneur wki 
controls DSC Ingenierfa Inmobiliaria, has pulled out of a $7& 
million dealto buy most of the Wes tin hotel chain. (NY^ 
Union Pacific Corp. plans to sell its hazardous-waste subsidiary 
United States Pollution Control Inc- to Laidlaw Inc. of Canada 
for $225 million plus the assumption of certain financial ant 
environmental liabilities. (AEf 

was interested in hnvinp it therefore may have been intro- “Existing on-line services are 

duccd too cariy. like eight-track rape players." 

38ft after analysts Sid thev Unlike on_line “ d Jo “ director of the 

we?e wt r^Sen^ne ^ such “ Com P u - «*»* offi « Sun Microsys- 

wmpaS?ssSSti??ts^ serve 311(1 Americ3 0nlLne - Iems “Hotwired is takig 
eem downturn in mE* 1 ** ^ wbch offer users indirect access advantage of new technology 
cent downturn in pnuj. t0 the Internet, Hotwired will that w3f entirely change jou7- 

( Bloomberg, A r, Reuters) require that users’ computers be nalisra." 


Season Season 
won urn 

Open Hah Law Oose Qtg Opjnt 

Season Season 
HOB U»r 

Open Hah Low aw Cho Oo.* 

V* Astocaied Pies* 

Season Seosa 
Hign Lout 

Own High Low Case Dig OpJnt 

cent downturn in price. 

( Bloomberg, AP, Reuters) 


r Aflonc a Fnmco Presto Nov. 1 
| CtoMFrov, 

Amsterdam sSSim 

ABN Amro HM 5980 5950 J&S*' 
ACF Holding .36^0 36J0 Vorta 
Aegon 104^0 104.10 XvS 

AlwJd w 49^0 4980 JjgT 
Akza Nobel 311^0 21 2j 

Bob-Wraunon 3330 33.1 


GWHBrocwles *5.10 4*60 I 


Heine ken 24640 246JD I 

Hunter Doualas 
I HC Coland 

Inter Mueller 92.90 92.90 l 
inn Nedertand 7860 79.90 PgS" 
KLM 4850 46.90 I £±r_l 


Nodi lord 

RatMCO 11350 11130 

RodamCD 5030 51 

RolllKO 11650 11*20 



DAX. Index; 

10440 10*10 
4940 4960 Xfc? 

21160 212 J"’ Vloa 
70180 70.1 
n pi 33.1 

6960 6930 OAA IBO ex 
14] 146 KSTeffi; 

1680 1730 Sl&KSf? 
1530 1530 mvma • 
45.10 4*60 
20630 28430 

2*540 24630 TT 

7930 7860 H< 

4250 4280 

92.90 92.90 SSfiSB” 
7860 78.90 J?np rm *' 
4850 46.90 

4980 4950 KEJJ 1 ** 



Royal Dutch 19X80 mja 
Stork 4560 *330 

Unllovri" 19930 20170 

Von Ommeren 4670 4*20 
VNU 17750 lie 

Walton/ Kluww 12150 121.90 

^S^ViSS 2 * 

To Oar Readers 
Brussels, Madrid, 
Milan and Paris 
stock markets were 
dosed today for a 

*2 SS8 pSiio TS w 

t s as Repo IQ 9i*B 9630 

Stockmann 151 2S3 

3030 75 HEX General index : 194673 

1132M 11330 PtWlOO*:1954 
5070 51 

11650 11*20 
82.10 82 
19250 19620 
456Q 4550 
19930 20070 
4670 4*20 
17730 ue 

Hong Kong 




Alcatel SEL 

Allianz Hold 





Bov. Hvoa bank 
Bay Venrirrabk 

BHF Bank 

15*30 155 

790 818 


35870351.90 lAhar 

na 396 Jonar 

44444*30 AECI 
600 676 A I rech 

39539350 Anglo Amer 






V3&ZS??h1&5 :K71M 

999 100* 

6287062830 BET 
W7ZW30' Blue Circle 
315 3ie| 5££. Gftw 
50) 504 1 Boots 

37930 379 

474 473 g p „ 

44544130 Br Airways 
itt» 1005 Bf W Gas 
n Brit steel 

I 73 Bril Telecom 

3 BTR 

CahJe Wire 
Cadbury Scti 

Coots VlysSJo 

M comm union 
111 111 KC Group 

lug Enterprise Oil 

150 147 I™*" 1 *' 

862 059 
125 i 26 
155 156 S EC 
685 693 tSenl AtX 

70 7 J GkMO 
9630 8 Mt 

251 252 5 R . E 

•X : 194833 eu's 1 * 5 * 



309 InctKOpe 

Kino fisher 

Land Sec 

Legal Gen Gra 
Uoyds Bonk 
Marks So 
Nan Power 
Not West 
NthWSt water 
Pitting ton 
Ponk Oro 
R ack in Col 
Red land 
Reed Inll 
RMC Group 
Palis Rovce 
Rottwnn (Mill) 

g al Scot 

P ower 

Severn Trent 

957340 Smith Nephew 
Smith Kline B 
Smith (WHJ 

*38 Natl Bk Canada we W* — — oshawa a m* i9 Sydney 

285 Panodn petnrim 43 42*. . w * * 

673 Power Cora ISM IS** « 

530 Power Flnl 2 »* 281* J 

430 Quctecar B 16M 16«i » 

*73 Rogers Cwmm B 19 V, m* gurai 3 

332 RovaIBkCda 2SU 284* 0 

233 Sears Canada Inc *3* 8V> 55*5.!*!^ i 

140 Shell Cdn A 
3.94 Saufhom Inc 
387 Slelca A 
*20 Trllon Fln'l A 
*35 iBdntrlnll IM 

4436 45 

141% 151* 
8 * 9 

3,90 190 






X57 — 1 

^ Sao Paulo 

276 Bonco do Brasil 
586 Bonespo 
579 Brodesoo 
*15 Brahma 

467 Eletrobras 
560 Itouhanco 
23) Light 
168 Parana oanoma 
778 Petnihros 
7.99 Souza Cruz 
4J7 Telebras 
474 Tefesp 
132 Usiminas 
6.18 vote Rio Dace 
*90 Varlg 


Fosters Brew 
Goodman Field 
ICI Austratla 
Mosel km 

Not Aust sank 
News Corp 
Nine Network 
N Broken HIM 
pne Dunlop 
Pioneer inti 

y Toronto 

885 196 AbfflU Price 
388 190 Air Canada 
2030 2B64 Alberta Energy 
340 139 Atcon Aluminum 
0.95 an AmerBarrlck 
424 4.18 Avenar 
150 575 Bk Nova Scolia 
1984 19.16 BCE 
465 469 BC Telecomm 
1.16 1.19 Bombardier B 
177 177 Bramahia 
1144 U60 BrascanA 
1.90 UBS Camera 
290 293 CIBC 
1034 1064 Cdn Natural Res 
8.18 830 Cdn Ocdd Pel 
486 486 Cdn Pacific 
367 3J7 Cascades Paper 
486 489 Comlnoo 
376 375 Consumers Gas 

241 241 | Echo Bov Mines 
a 78 8J9 Empire Ca. a 

1630 17 Nmndy Poseidon 24S 242 Ddfosco 

870 860 9°! Rpaourcra 1J5 1 77 Daman Ind B 

B 7.90 ■ L96 Du PonICdo A 

294 297 TNT 241 241 EchoBav Mire 

86 86 Weste rn Mining a 28 8J9 Empire Co. A 

N.T. 331 Westpoc Banking 432 432 FoJconbrktor 

27D 771 WaodsMe *93 582 Fletcher doll A 

iS m si 

125 139 Hernia GaW 

790 8 Horsham 

39.90 40.70 imperial OH 

42 s 430 Tokyo im 

l* IP AkalPl-^l ' 1PL Enerw 

« 430 Tokyo 

’in ’im AknlElocfr 
"J Asohl Chemtenl 

216 215 AMftI Glass 

108 Bank of Tokve 



ool NhwonPrtm 



BMW 776 775 Barlows 

Commenbonk 3173031630 Blyvaar 
Continental JS 221 J 0 BuHeis 

□almier Beni 765 773 De Beers 

Degussa 454 452 Drlefonfeln 

Dl Babcock 2347022370 GttKor 
DeutxAe Bank 73880 7*1 GP&a 

Douglas 48930 459 Harmony 

Dresanar Bank 40230*0230 HMnreld St 
Feksmuehle 300 

P Krupa Hoesch 19830 _ . _ 

HQrpmr WWUll \ Q*ini*l w «hilr 







Kail sau 








tjiencn Rueck 



48930 489 Harmony 
4023040230 HMnreld Steel 
30030070 Kloof 
19830 IPS NedMnk Gra 
32532030 RaiKtfantein 
3» 590 Rusptat 

5un Aliloncr 

— — TateiLvle 


„ Ttern EMI 
.S Tomkins 

'JJ TSS Group 
73623730 Unilever 


1&25 ii Vodafone 

9i» im 

ii «s aissiu. 

’S ..’iS Willis Conoon 


939 922 
279 329 JO $t Helena 
537 023 5a Sol 

207 207 western Deep 

,s S ,5 a SS5S?TS®. : 

508 510 

SA Brews 
$1 Helena 


M 3175 PfiyftJr: 
42 43 

113 ltd 
9175 94 

NA 49 

3530 16 M 

a, ° m Afro Ltd. 

: 570335 SSI mJLi 


3o : * MI 




IBS 1 


Aboev Nari 
Allied Lyons 

40S30 402 ArlO WlOOIItS 

1J61J7JS Argyll Grove 

“sb ^ wr—* 

*404«aJd BA* 

231 2U Bank Scotland 
46130 461 Barclays 
279 774 »m* 

, A fra Ltd I |4Vl 13* | 

Bank Montreal 25 2Svy 

BCE Mobile Com 414* 4n* 

Cdn Tire A 10 * 11 W 

CdnUHIA UVi ?4Vfc 

Cascades 7?* 7^ 

.. crown* inc V7Vt 17Vi 

4.14 CT Fln'l Svc <5% llh 

S.97 got Metro I2*s 12»* 

26 a GtWesiLlfera » 20 

261 Hen inn bcp 14 14 

S3« Hudson's Boy Co 26** 2*5> 

5.15 imascoLM 39* 3*9» 

*65 investors Grp Inc i5Vi 1*W 

LabaH (John) 20V* 30V* 

5 82 Lobktw Cos »’* ?i 

535 MolsanA II'* 21*7 

112 111 
14030 142 

Dahw House 

DPlwa Securities 

37 Full Bank 
860 Full Photo 
15 Fumsu 
1330 Hitachi 

11.10 Hitachi Cable 
SIS Honda 

7.25 IMYokodo 
1740 ItOChu 

29.10 Simon Airlines 
*sJ Kallma 

5* 5 Kansal Power 
1UP Kawasaki Steel 
1 94 Kirin Brewery 
1330 Komatsu 
326 Kubota 
rjo Kyocera 
35 J 5 Matsu Elec Irtds 
tS Matsu Elec Wks 
9.40 Mitsubishi Bk 
II 40 Mlfsub Chemical 
I^B MBttiblshl EHX 
241 Mitsubishi Hev 

14.10 MJhMilshJ Cara 
920 Mitsui and Ca 
9^5 Mitsui Marine 
251 Mlisutashl 

28.90 MHsuml 
263 NEC 

12D NGK Insuletars 
125 Nlkko Securities 
191 N Japan Kagoku 
*72 Nippon Oil 
152 Nippon Steel 

1 6.10 Nippon Yusen 
188 Nissan 

L19 Nomura Sec 



SattVa Elec 


TiA fflSO SMneTsu Chem 
519 523 Sony 
19519*30 Sumitomo Bk 
98 9830 Sumitomo diem 
37237330 Sum! Marine 
43443730 Sumitomo MOtOI 
96 n Tatsel Cara 
92 9150 rokedaChem 
179 180 TDK 
2583026338 Teiiln 
U7 136 Tokyo Marine 
122 122 Tokyo Elec Pw 
11630 11730 Toswan Printing 
47.10 47 Torav Ind. 

130 131 Toshiba 
15930 163 Toveto 

13130 131 Yamolchi sec 
*6* 667 a * x 700 
112 111 

14TLSQ 14Z NiJtkftl 22S : 19517 

I PL Energy 
Laidlaw A 
LakNaw b 
L aewen Group. 
London Insur Go 
Mocmlll Bloedet 
Moooalntt A 
Maple Leaf Fds 

Newbridge Netw 
Noronda Inc 
Noranda Forest 
Nor cun Energy 
Nlltern Tefecom 
Onex _ 

Petra Canada 
Placer Dome 
Potash Carp Sask 

Quefaacor Print 
Renaissance Env 
Srapram Co. 

Stone ComtfflSts 
TorOorn Bank 

TransCda Pipe 
UM Dominion 
Uld Westtmrne 
Westcoast Env 

Xerox CaoadaB 
tse »• index :o**H 
Prevtma : 4291 J» 


AdlalnHB 218 222 

Aiusttisse B new 624 633 

BBC Brwn Bov B 1080 1078 

ObaGeigyB 734 741 

C5 Holdings B 557 539 

Elektrow B ,338 3*0 

FHcherB 1460 1450 

intencUscount B 1930 1940 

JghnaUB 120 873 

LandtsGvr R 690 680 

Moevenpldk B 390 390 

Nestle P 1183 tin 

Oerllk- Buehrle R 133 130 

Pargesa Hid B 1430 H*- 

Roche HdD PC 5595 5590 

Sofra ReputHk 100 i00 

SerdOZB 657 655 

Schindler B 6750 6750 

Sober PC 560 865 

Surveillance B 1840 1800 

5 nisi Bnk CorpQ 3S9 362 

Swiss Heinsur R 760 74$ 

Swbsalr R 865 854 

UBS B 1136 1177 

Winterthur B 647 *38 

Zurich Ass B 1160 1150 


WJEAT ICBOT1 ia»L l >rvflirT M n-owtarioCT»uow 
4.IJV, J 439 Dec« J8f? J87‘t 1 IM' j -002 35.959 

/Air »S IW'- J.W«, 3.97V1, -OJEl* 24J04 

J95b J.J6' ■r/av9$ 3.73', 376 1 ! 173'/, 1751,-000** 4J13 

lil Swl5 15! ijj M U1 261 

US JH DecVS 14M,— 19 

M**« 3J9 # Jul96 135 13J 134 U Ill'S 6 

Est. sales I7,im Man s. Mies 22.712 

Mor's open InJ 75J4S oh 222S 

WHEAT (KBOT) SODD Du m— im*—v co*q r , Dcr pu«m 

fS';. 3 1711 Dec 94 193': 197 193 19S>4 +0311* 18A63 , 

4^- 175 Mar 95 195 199 175 1OT-, -0.0OU K109 

*03 3211, Mav 95 178 181 '* 177 160 1.539 

JM', 1I6'SJuI 95 150 152 l i 150 151Hi -OOl'k HID 

177 LTV Sea95 3J41- -O01 78 

14»V; ]40'-,Dec95 1619, -am 4 

Est soles NA. Man'*, soles i*50 

Men's open irr 3L2B2 oil 2 m 

CORN (CBOT] SjnauiTlninuin,- eotim oar BuOvl 

1/7. 2.l3'«Dec9J 115*, 2.l6>v 215'- 115*» 115,107 

182' , 123',Mar<rS 7 2V-. 2J7*. L26W 2J6M 62J11 

16S 2J0'sMav95 IW 1319* 2J4'i 2J4>fc 2S.361 

1&5V, 2J5V, Jul 95 140V, 141 W 2AJ 1*0'*~(U»M 32J17 

2.70V, 139 Sea 95 1*6 2*4'., 14] 145 — Ofltrts 2.782 

Ifl 2 JE'.jD 0C95 150',. 150h 149 Vi 149U,_aanifc 11999 

259 750VaMre«» 254', 254V, 255V, 156 — 000*1 152 

2A6Vi X* 96 US'* 263 V, 143 20 —HOI 498 

Est. sales NA Mon’S, axes 27.969 

Mon- 5 goen im 253.122 UP 35 


7J7V, 524*9 Nov *4 *471, 5 44 SAtU SJB'a 20.112 

204 SJ7V.Jon9S SM 5J6V, S52 1541* -OfiOV. 51710 

7JK 147'', Mar 95 L64 SM'i 147 V. 544^-0001,211165 

7JSV, 556 Mav 95 SJ3 174V, 5L70W 17314*001 11.930 

706/1 563’kJuieS 5.79 SOI *771* 17W* +000*4 20.791 

6.12 LM'-tA UB9S 5.83V, 5JW 5J1V, 5J3V, +0011* 1,639 

6-15 171 Sen 95 50*'« 5.6SV, 5L82W SJ4 -OOOVi 897 

4J0V, 570I+NBV9S 192 1«4'« 09115 193«* +00254 7,740 

*07 u, *00 Jon 94 4.99V; 4JJ0'., 5.99V, 6JHK + OOOVi 145 

021 5WV.JUI94 lir* ,D03Vi 27 

Est. sales ma. Man’s, sakn 49^4* 

Nun’s open M oW 1775 

S01TBEANMEAL [CBOT] 100 urn- Mori nr an 
209.00 )6O00Dn:94 16010 161.00 1 59 JO 16030 -050 41,793 

707 JO 161.70 Jan 95 162l<3 16130 161.10 161.70 — 0JD I0.W3 

377 JO 144 90 Mar 95 165*1 14190 l**M 16150 — 0 ID 15 AM 

707 J® T67J0 MOV 95 149 30 1 69 JO 168.50 169-00 -020 8.7T7 

30*00 I7Q.70 A4 95 17240 17150 5J2JO 17J.OO -OJO 8,453 

18260 1 7100 Aug 95 I75JB 17100 17*20 17*50 -0*0 1,205 

187.70 17130 Sea 95 17150 I76J0 17140 17110 —OJO I JOT 

in JO 17J440C1 95 1 70 50 178JB 177 JO 17120 —0*0 2548 

18*00 176.50 Dec 95 1B0J0 180*0 I80JH IOOJO -OJO 1*01 

Jon 94 181 JO 1 

Esa. sain na. Mon's, sales I3J87 
Momsooenett 98J41 off 2018 

Taw* Index MS 
PravkMs; UB 

2BJF 77.00 Dec 9a 25*9 2195 2153 7174 <080 35*46 

2*55 22. 65 Jon 95 24*2 25*5 24*4 24*5 *040 14.985 

2830 2191 MOT 95 7*32 Z4J7 24J0 24 J6 <0*2 13,218 

7805 2285Mor95 USD MX 23.95 24.14 -0*9 12*28 

27*5 72.76 AJ 95 23*0 24*8 23J» 73.75 -0.13 7*96 

27 JO 27.73 Aud 95 23.75 24.00 2175 23.92 <ai2 129» 

2*75 22.75Sep9S 23 JO U90 23J0 20*2 <817 1*64 

74-25 2175 Oct 95 23.70 23*8 23*7 2380 +IL22 1*04 

2*37 77 .SO Dec 9J n« 2185 JUS 22*7 -022 UDT 

; 23-75 21.75 Jan 96 23J7 -0J9 ! 

ESI. sales N.A Mon’s soles 31,140 
Mon's open m 91J92 off 3437 


CATTLE 1CMER] J0*u4n..oannwP 

MM 67 J0 Dec 94 70.80 70 JO 69JB 4**0 —0*0 39.950 

7*25 46. 85 R* 95 6897 09J2 4BJD 4BJ5 -030 20*71 

7H0 67 J7 Act 95 49*5 49.77 69 J2 69.42 —0.4* 13.127 

69 JO 64J0Jun95 45 95 4J95 6125 OAt —OJO 4JM 

68.10 63*0 Aug 95 66.90 44.95 64J5 64*7 -OJO 1*61 

4735 64 J9 Oct 75 6150 6570 6115 6120 -*45 29 

6*55 66.55 Dvc 95 6630 6*50 6*30 6*30 —025 2 

Est. sales 1 1.977 Mon's, sales 10J62 
Mao's ooon kit 69,461 un ] 

B8J» n.75NBkM 75 90 76*0 74J5 7*95 -0*3 3*09 

80JS 71*0 Jon 91 7155 7140 7*0 7*72 —0J0 5^27 

80JS 70JSMflf95 72*5 7170 71*0 73*0 -0*5 MSI 

7*90 70.10 AIV 95 7J 50 72J0 71 .75 7SJ7 — *75 563 

7*30 69*0 May 95 72.15 72J0 71JJ 7TJ2 —0*5 341 

7105 69*0 Auo 95 72*0 72*0 71*0 71 A) -0.90 124 j 

71.40 M.40S8D94 71.10 —430 20 1 

Ed. sales 1.94# Man's, sales 7.903 
Man's open IN 7*15 oft 1 105 
HOGS (CMERl AUmo nr,. cent? writ 

50*0 12.00 Dec 94 3510 3510 3387 3*W — 1.17 I7J0I 

50*0 35*5 Frit 95 37.90 37 » 36*5 3*40 -1JS M54 

48*0 3*10 Air 95 17.70 37.90 3*60 3*911 -1*7 4*40 

47 JD 41.57 Juri 95 4270 42.75 4203 42*0 -*50 2.143 

45 00 47 60JUI9J 4275 42JO 4200 4237 -0*3 S94 

43*0 41 ISAuqTS 47*0 4210 41*0 41.73 -0.40 380 

40JO 38*00(14; 38 .93 319$ 38*0 38*0 -035 JT0 

41*5 39JM Dec+S 39.85 39*5 39 JO J9J0 — OJJ 53 

4200 42*0 Feb 9ft 81.10 — 0JS 1 

ESI. caws Lose Man’s saws 5*78 
Maii’s open Ini 33.678 up 133 
PORK BELLIES (CMERf «0£Wte.-c«>ril wr ft 
60.05 37*0 F«i « 42.90 <1297 4 UK 41.47 —14) BJ71 

60 JO 3? JO Mar « 4795 42.75 41 JO 41.77 — 1.» 1,770 

41.15 3&«5Mav95 U1S 44.1S 42.55 4275 —1*0 311 

5*00 37*5 *4 95 44*0 4* 70 4H5 43*5 —1.19 315 

44*0 39.75 Aw 95 4220 42*0 4270 4260 -1*5 74 

Est softs 2766 Mai’s. SOWS 2.572 
Man’s coeninJ 18.763 a H 458 

COFFEE C (NCSEJ L‘ no an - < ems w ft 

24*25 77. 10 Dec 74 lfidoo 19975 185.75 18&J5 -UK 11*36 

34*00 7l»0Mar9S 1933,3 19*75 190*0 191*5 —100 12,710 

344*0 SL 50 May 95 I9*!fl 197*0 WtSS 19258 -OJi 5*41 

34510 85*0 Jill 95 19V5 >97.75 194J0 194*0 —1*0 I.SI9 

ns.00 105 SO Sen 95 196 00 106-50 19*00 196*0 -OJO 130 

942*0 81 BOOK 95 I *7 JO 197J0 197*0 197.50 '0.73 M3 

30200 197*0Marn 198*0 -0*0 136 

Esl. sales 5,201 Mon's, sulci 1910 

Mon’s txien ire 33.12J ait 1S1 

SUGAR-WORLD II (NCSE1 ii7*UBs - twmiwrfc 

1299 9. 1 9 Mur 95 12.74 1295 1373 1290 <210 91*33 

1796 10 57 MOV 95 17 77 1 296 1277 17 94 - 011 3S4II 

12*3 19.37 juI 95 I2*i 1283 12*6 17.70 - 0 07 15*47 

12*4 10*7 Oct 95 I2» 12 40 17JS 1314 >00113435 

12*7 1 0*8 Mar 94 12*4 12*4 12*2 11*7 +007 1473 

_ !I*S ll.HMovM 11*5 11*5 H*S 11*7 »o*7 52 

11.95 HJDJurtt 11.97 +007 20 

i Ea saws 2 DJ 20 Man's, sries 11*70 
Alton’s onanlnt 1531365 Off 1*1 
COCOA (NCSE) lOnWnlciam-InrkM __ 

- 1500 10*1 Dec 94 1311 1322 1301 1309 -10 21403 

1405 1 077 Mor 95 1350 1345 13Q 1353 -19 26,127 

1412 T07BMnyra 1315 13SB 1374 1381 —1* 7,991 

1600 1225 Jul 95 1412 141 J 1411 1407 —18 3*35 

J 1560 1388 Sep 95 1437 1415 14V 1434 —18 1 JB 3 

1633 1290 Dec 95 1470 1470 146] 1441 —18 4,901 

1476 1350 Mor 94 1491 —18 1908 

! 1642 1 225 Mov 94 1518 —18 451 

Jut 96 1516 —20 11 

I EB. SOWS 71*47 Man’s- seem 4*37 

Allan's open tot 73*00 Off 7131 
134*0 B5D0NOV94 HfiOO 106.10 10443 106*3 +0-15 U77 

IE.® 89*OJtti95 109*0 111*0 100*5 110*5 + 0*5 14*30 i 

134*3 93JllAAcr 95 1 UI» 114*0 112*3 113*0 + 0.15 3*60 1 

120.00 97*0AAor9S 117*0 117*5 117*0 117*0 +040 1J3I 

122*0 10850 Jul 95 11 9 JO 120.10 I19AS 13850 +0*0 883 

125*0 107*5 Sep 95 722*0 122*0 122*0 T23JK +0*5 600 

124J0 1 09*0 Nov 95 121.55 + 0*5 1,154 

127*0 lOSJOJann 121-55 +0*5 

„ Mar 96 1I1J5 +0*s 

&*. soles NX MorCv tries 5.158 

Mon’sopanlnt 25J43 up 671 



1M.70 77.75 Nov 94 175*0 I27JD 125*0 126*0 +190 1418 

10*0 7575 Doc »4 124.75 12645 I24JH 125*0 + 3*0 40*76 

gjfl 76.90 Jan 95 134X6 124*5 124*5 I24J0 +190 797 

‘SJO 73*0 Frit 95 12250 174*0 122JD 134*0 +2*8 

121*0 7100 AVir 93 121 JO 123JO 121*0 12120 +2*5 8.930 

518S0 91.10 Apr 95 121*5 +1BD 6 W 

H870 76*5 May 95 I14JD 120*0 119*0 12070 + 2JJ 2J87 

117*0 10410 Jun 95 119.90 - 2 J 1 

117*0 78*0 M 95 117*0 118*0 117J0 118*0 -240 

71S.W 111*0 Aug 95 11S30 117*0 116*5 117*0 + 2 JS 194 

115*0 79.10 Sep 95 11490 114*0 1I6J0 114.90 +2*0 1*03 

OriW 116JS +2*o 

115*5 18*0 Dec 93 112*0 115.10 111*0 114*0 + 2*0 1*79 

100*0 88J0Jftl98 114*5 +230 

111*0 OJO Mar 94 112*0 +2*0 

1D9-9J 107*0 May 96 111*0 +230 

Jul 94 110.60 +230 

S«P96 109*0 

EsL tries 18*00 AAan'x. soles 4J34 
Man's open Irs 40*79 ril 1074 
SILVfcR (NCMX) Un fear at- cants q*r nr ca. 

Nov 94 527J -33 

577* 380* Dec *4 S25J 535* 521* 579.5 +33 72*21 

5763 401 .0 Jan 95 531* S35* Dl* 02.1 +13 K) 

4040 41 43 Mar « 533J 543J 532* 538.0 +14 19,754 

6063 41 8* MOV 95 343* 545* 539* 54X9 +14 4*73 

4100 42D*JKI93 548* 556.0 544* 5501 +3* 4*44 

MSS S32JS4P95 554* +3* 2.974 

4200 53V* Doc 95 54X5 570* 341* 566* +3* 1314 

412* 575* Jan 94 570.1 +3* 

422.0 SH*A4ar«6 5773 <4* 1*38 

5TO* 587*AA0V 94 5BL7 *4.0 

600* 400* AX 94 592* «4J 

Elf, softs TSXW^MOrrs. softs 30,980 St7J 

Man’s opwilnt 11X998 Off 424 

PLATINUM (HMER) anwoL-a 6 anpr+vra 

424*0 474*0 Nov 94 OJO + 1*0 

435.50 374*0 Jan 95 417*0 422.50 417*0 42030 + 1*0 19,134 

4J9J» mac Apr 93 417*0 42SL9D 42230 424L90 +1.90 1949 

439*0 41**0 Jul 9] 42130 43030 4*730 439JO +110 

441-30 472.00 Oct 95 43430 +110 

439*0 43930 JOI 94 432*9 438*0 43U0 43730 +XI0 

Est. sates HA. amor’s, sates 4 JM 

Alan's open kit 24*17 off 971 

GOLD [NCMX] Wormy Ml- Mm oar warn. 

387*0 387*0 Nov 94 

4263D 34X00 Dec 94 38420 38630 38430 
JOT 95 

411*0 34330 Feb 95 38L00 390*0 307*0 

417*0 36430 Asr 95 392*0 39170 392*0 

43838 341 JO Am 95 394*0 397*0 395*0 

41430 38030 AIM 95 

4193* 40UXK»9S 

moo 4CO30CXC9S 408*0 40930 40800 
42430 41 230 Feb 94 

43U0 41130 AOT 96 

43130 413*0 Jun 94 

AU0 94 

EsLiries aura Merf*. sates 1 2 

AAon** Open lr* 14LK5 up 4576 5 

94380 91.180 Dec 93 92440 92*40 9ZJ30 92J40 -13018141 

94220 90J5DAAar94 92440 92340 92340 92J40 —130155*8. 

93.180 92.120 Jun 94 9X200 92200 92010 92100 —730 130. 0T. 

92370 KL6805BP96 92*90 92*90 91300 91.990 — 130 120 JW 

Eri.sries 3B4J64 AAon’s-sofBS 25, .43 y 

AAan'sopOTktt 2374*74 off 7773 + 

1*392 1*500 Dec 94 1*154 1*380 1*274 1*304 -40 4 ‘JiB 

1*440 1*640Mar93 1*340 1*360 1*212 1*394 —36 575 

1*320 1*348 JUT 95 1*258 —34 13 

Est. softs 12771 Mon’S, sales 24,153 
Man’s open I nf 4L324 up 314 

CANA1XAN DOLLAR (CMBU S Mr ft- I unnch moral 
0J67D aXKKDecN 0J393 27394 27389 07372 -20 33.5W 

27405 27020 AAarfS 07388 273119 07348 07372 -2Q 1 .UK 

07527 0*990 Jun 95 07360 07340 27360 27345 -20 064 

27« 26M6SSP9S 07340 27340 27350 07352 -21 713 

27400 27040 Dec 95 07352 07352 27352 27337 —21 Tt 

Mor 96 27335 27335 27335 07321 —21 .1 

Est. softs 7*64 Mon’S, softs 3373 
Man’s open M WM an 226 
GtnMANMWK ICMEW % dviwv l awnatnin 
26731 OJaMOl!C94 26*50 0*891 0*650 26682 +34 87.984 

0*745 258WAAft9S 0*686 0*704 0*675 24694 +35 5JS6 

0*747 25080 Jun 95 24703 0*710 0*488 0*71 1 +34 1.258 

0*740 26347 Sap 95 0*728 +36 lid 

EsL softs 35,911 'Mot's, srim 32111 
Mon’sepenM 94.714 off 905 
JAPAfKSE TBI ICMER] Sear vwv - 1 palm sausei iMaaoei 
2*IO49O2*0RQSDecM 0*103631*10020103512010385 +27 6t*lf 

OdOTOS6ODLOO9t00Mft 952*1 0477201048920104362010470 +29 7,203 

ama67B2D!»77*lun95 2010574 +33 7H 

OD10773Un32O05ep9S 2O10USUnDM52OiahU2aiD£75 .jg ho 

201 07600 *1 04410ec 95 0010717 * 43 *5 

fflJiaa3OO01OB3IIMar98 0* 10879 >48 -J 

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Artan-sopenH 69789 im 316 
SW1S FRANC ICMER) tntmc-i point oauauiaemi 
281® a*8R5Dac94 27V76 0.8038 27976 28028 -57 39.965 

WBO 9-BOM oano 28061 ,57 IM 

0AU6 07193 Jun 95 28103 . s 8 |78 

28150 28TI0SfP95 0810 -a 

— 20 1 .70S 

— 20 064 
-21 712 

— +i r? 

-21 .1 

Nav 94 


3803 DK «4 





401* Jan 95 







41 83 Mav VS 













539* Dec VS 






5753 Jm 96 






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25*00 Mai's, softs 30,980 


EaLSOfti 22,952 loin's. softs 18*17 

Mow'S Onwltlf 42716 Oft 1612 


COTTON 3 ! INCTNl xuaafta-epinimr*i 
77 J3 59A8DKM 71*0 7195 71 JO 7144 

7115 6230AAOT95 7X07 7425 7165 7163 

7255 64J10 May 95 74J5 75J0 73*7 74J5 

7SJ5 69 JO AH 95 7495 7575 7445 7530 

7470 66*000 95 7030 71 JB 7030 7VM 

W ’ S0 ,UB WJ0 w -“ 

7BL55 6280Mar96 7170 

Est. Saks NA AAan v tries 6.132 
Man’s awm inr 53,991 ue 514 
HEATING OIL tNMBU «. WB o»- raw «, urt 

S-5! ^5 99 K !f KAS si* 49 jo 50*5 

il2S 4 1 25 Jan 95 5220 5175 5205 51 15 

»75 47.«R*V5 50*0 51*0 52® 51*0 

57Jt 47.00 Mar 95 5075 5175 58,35 5175 

5115 4X05 Aft 95 50*0 50*0 50*0 50*0 

££ «« MOV « 49*5 49*0 49A0 «*0 

5X90 4679 Jun 95 4975 49*0 49.15 4940 

iL-UMtS 49*0 49*8 49*0 49*5 

HJO 42.70 AUO 95 49,90 5200 49.90 50.00 

cK! SI 25 50.75 5285 

S'- S 70 51 - 711 51-65 51.65 

^WNtW« 52*5 52*5 52.65 52*5 

-57 X9.«5 
+ 57 7*67 
•M 178 
-58 ..6 

-0.19 34*28 

■211 15.W1 
-225 6.89? 
-020 J.l V . 
+233 £3 ® 

-OJI 2J98 w 

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*0.95 11*323 

•l» 7.J01 
-040 5.484 
-0 60 6.718 

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WT. BILLS (CMER) 11 mMan-aHMWOaa 


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9157 Jun 9S 







+2J0 16*59 
+ 0*0 

+290 31*49 
*7.00 9*46 
+ UM 9*35 
+ 1 JB 

+ 1J0 1*16 
+ 130 7,906 
+ 130 

*1.10 4,971 

+ 1 J 0 

WJ7 9XJ05epV5 9125 —009 25 

EsI. tries 2,145 AAOT-ASrin 842 
Mon’s open Irt M*a off -J9 

5 VR TREASURY (CBOT1 nBOUgprh. pel anaeiPDa 
104-20 101-05 Dec 94101-175 W1-2D 101-05 101-065— 14 167.757 

103-09 H0-2D AAbt 9300-2B5 100-285 MO-185 100-19- US Mjr 

100*8 100-05 Jun 95 100-00- I4S 1 

Ep. tries na Alton's, sota 22*04 
ANXl’tOOftlW 176*75 off 1991 
WYR.TMMURY Wn IMDASgorW-r+lS KnltiV iMpa 
U4-21 *9-28 Dee 94 180-21 100-22 99-21 100-00- "1 tow j 

11J-07 99-05 Mar 9599-31 99-22 99-18 99-10 - fe lSS 

UK-22 »-21 Jun 95 99-05 99-05 98-31 98-23 - 70 |M 

101-06 90-05 Sea 95 98-18 98-18 98-08 90+08 _ M 5 

UMI 96-10 Dec 95 - S t 

EsI.MlH I2A. Man's. softs 49*16 
Mon's open tot 39X791 up 699 

fTSTOBASURV BONDS (CBOT) naCf-tiao*B*-DH&lM>«ioapcr> 
118-01 91-19 Dec 94 * 8-11 40-11 97*7 97-07 ZlB SS 

116-20 96-09 Mft 95 77-30 77-20 96-19 90-21 

115-19 95-30 Jun 95 96-20 96-20 96-01 96-01 -I £ UJ91 

113-15 95*10 5ep9S 90-01 90-01 95-15 95-15 —102 ™ 

113- 14 95-00 Dec »5 9515 75-16 90-31 94-31 - fl S 

114- 06 J4-30 Mar 96 9Mp _ » l 5 

100-20 9445 Jun 96 96-13 94-13 94*3 04MI2 _ Jl £ 

eo. softs NA. Man’s, softs 06,217 28 

Man's open H 438*41 off 10177 

MUM0PALMNO* (COOT) »IMt« nan^+iK IMoKWea 
91-17 84-15 Dec « 14-30 84-30 SSGa “|U JJw 

B419 83-14 Mv 9913-24 83-75 82-0 ES J l3S 

Pet Mil N A iAJm’u — C JM 

S7A0 5X70 Dec 95 53*5 5X65 S335 SJA5 -a« 

Est. softs NA. Men’s, softs 37*62 
MorTsop+nlm 152*16 alt JSJ5 

UCHT 5V, ^ET OTtrtXE CNMBR) lmoOTL-ee>mwM6 
3030 14 93 Dec 94 16J7 10*9 18.12 18*5 -0*6 92,531 

”■65 5.15 API 95 1BJ9 18*5 17.97 18*5 -SS mjlj 

'»■« JM7 1179 17.90 18Jft .ftS K,l« 

2036 15*2AAcrVS 17.94 18.10 17*9 18.10 +IL3*TiiSi 

938 1 535 Aft 93 17.90 1000 17*5 law iSj? S'S? 

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70JO 173 Jun 95 17J7 17*5 17.77 17*5 -014 25.30 

1937 1605 Jul 95 I7J2 17.85 17 n I7*s 

IfJSfiSY l 7Ja I7 ’*> IT® +007 0*88 

JofS 11-25?" S ]7*79 I7J2 17J9 17.83 -D.07 11*94 

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-132 16*47 
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Nf- AA«yx{gles J5*2S 
Mon’s open Int 6X560 oft 1875 

Stock indexes 

tfWS 448J0 409.IJ —3-30310,8*2 

475-ffl 471*0 47750 —145 ll«m 

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J 4 ? 11 J® 710 Jun 95 93.110 93130 9X020 »3D» — llOjesoM 

943M 9IJ105OT7S 9X790 92 «0 62*55 «.670 — 15Q24D315 



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Page 15. 


* ■■H 
! >5S 

' r ' n 'liL 



Cemplkdby Otr Staff From bupuuhes 

/ t6 NDON British Petro- 
Icura Co. said Tuesday that 
casfceutting and higher produc- 
tivity, led to . a surge in third- 
: flU8rtar-profit despite decreased 
sites.' • 

:• .The company said profit on a 
. replacement-cost baas, exclud- 
ing exceptional items, rose 22 
.percent, to £415 million ($678 
tiiilKon}. from £339 million a 
year-earlier. Replacement-cost 
profit reflects the current value 
of a company’s oil supplies. 
SMSsfeB to $12,5 billion from 
$13 billion. 

V.' Oh. a historical-cost basis, BP 
posted a net profit of £382 nul- 
hba, up from £205 million. His- 
tdricatcost profit values oil in- 
ventories at the prices at which 
they were bought. 

' Since 1991, the company has 
riashed its operating costs by 
3b0Ut 51.2 billion. About 70 
percent of the rise in third-quar- 


at BP 

tor profit was the result of re- 
aped spending, David Simon, 
BP s chief executive, said. 

The company’s stock fell 9 
“'T to 426 in London. Ana- 
_ said the stock bad dropped 
because some investors hoped 
the company would raise its 
dividend, but it was unchanged 
at 25 pence a share. 

“Not a bad set of numbers, 
really” said Chris Perry, an an- 
alyst at Charterhouse nlney Se- 
curities. “They’re doing a good 
job and continue to cut operat- 
ing costs, but there’s really no 
room for disappointment or for 
anything to go wrong.” 

The company recorded ex- 

S loration write-offs of £47 mil- 
on in the recent quarter and 
£243 millio n last year. 

BP said the industry’s aver- 
age refining marg ins fell sharp- 
ly in Europe and the United 
States. (Bloomberg 

AP, Knigkt-Ridder ) 

U.K. Inflation Forecast Cut 

Compiled by Our Staff From Dispatches 

LONDON — The Bank of England on 
Tuesday revised downward its prediction* Cor 
British inflation for the next two years, saving 
that the inurease in interest rates in Septem- 
ber would slow the rise in consumer demand 
In its quarterly inflation report, the British 
central bank predicted that inflation would 
continue to slow until the end of the year and 
then begin to rise at the beginning of 1995. 
although by less than previously expected 
Hie central bank predicted underlying in- 
flation, which excludes mortgage payments, 
would reach a peak of 3 percent at the end ol 

1995 before falling to about 2.5 percent in the 
fust half of 19%. even without a further rise 
in interest rates. 

Sep km be i a half-point rise in interest rates 
lu 5.75 percent will slow demand "probably 
by more than history would suggest" because 
uf continuing high levels of debt in the per- 
sonal sector, it said 

The Bank of England's report suggests the 
central bank will recommend a further tight- 
ening of U.K. monetary policy in the next few 
months, analysis said. 

I Bloomberg, AFP, Knight -Ridden 

U.K. Reopens Bids for TV Network 


LONDON — The Indepen- 
dent Television Commission, 
an industry watchdog body, re- 
opened bidding Tuesday for a 
license to run Britain'* Fifth ter- 
restrial television network, two 
years after the first round of 
bidding failed to attract a viable 

The commission ’* chairman. 
Sir George Russell, said there 
were “several groups” interest- 
ed in applying before next 
May's deadline. He said the 
Channel 5 license would go to 
the highest cash bidder who can 
meet requirements for program 
and technical quality. 

The new channel would be 

due to start broadcasting b\ 
Jan. 1. 1997. 

One potential bidder, Chan- 
nel 5 Broadcasting Ltd., a con- 
sortium owned by the media 
concerns MAJ PLC. Pearson 
PLC and Time Warner Interna- 
tional Broadcasting, immedi- 
ately welcomed the reopening 
of the bidding. 

Allied Gets 
Rest of Stake 
In Domecq 

Compiled by Our Staff From Dispatches 

LONDON — Allied Do- 
mecq PLC said Tuesday it was 
buying a further 27 percent 
stake in Pedro Domecq SA. 
which would give it nearly 100 
percent control of the Spanish 
liquor company. 

Allied Domecq said the pur- 
chase, which will be completed 
by Dec. 30, follows the decision 
by Ramon Mora-Figuerosa and 
his family to exercise an option 
to sell the slake. 

A controlling stake in Pedro 
Domecq was sold to Allied, pre- 
viously Allied-Lyons PLC. in 
March. That deal included the 
Mora-Figuerosa family's op- 
tion to sell its 27 percent stake. 

Although the price of the op- 
tion was set at £280.4 million 
($458 million). Allied Domecq 
said the price would “probably 
be subject to a downward ad- 
justment.” ( Bloomberg, AP) 

Investor’s Europe 




ia »J JA S 

O N 

Paris . 






180 J j A S O N 

TELEVISION: Networks Are in the Midst of a Revival 9 as Viewers Give * Plain Old Television 9 Another Look 















Stock Index 

Closed - 

7,143 JO 

. - 

















Financial Times 3G 





FTSE 100 





General index 



















Stock Index 









Sources: Reuters, AFP 

Internal >. *ui HltjIJ Tribune 

Very briefly: 


Continued from Page 13 

a . that such shows are cheaper 
to produce than dramas and sit- 

Cable TV, home video and 
independent TV broadcasters 
took millions of viewers away 
from the networks during the 
198Qs and early 1990s. But with 
fewer homes left to wire and the 
yideocassette recorder nearly 
ubiquitous, viewing habits have 

Since the early 1980s, the 
number of channels available in 
the average household has tri- 
pled while the proportion of the 
audience watching the broadcast 
networks has slipped to about 62 
percent from 90 percent, accord- 
ing to Betsy Frank, a vice presi- 

dent of the Saatchi & Saatchi 
advertising agency. 

While a growing economy 
and maturing competition 
could be short-term pluses, the 
longer term is starting to look 
better for the networks, too. 

“The truth of the matter is 
that plain old television is going 
to be around for quite a while,” 
said Sumner Redstone, chair- 
man of Viacom, which owns 
MTV, Paramount, the Block- 
buster video chain and the 
planned fifth broadcast net- 

Why, with the coining of the 
information highway, does 
“plain old television” appear to 
have staying power? The an- 

swer is a mix of technology. 
economics and politic* 

For one thing, the supposed 
threat to broadcasting posed by 
the information highway is 
years away. Despite aU the me- 
dia attention, most households 
won’t be able to receive interac- 
tive services or hundreds of TV 
channels until well after the 
turn of the century, according 
to most industry executives re- 
cently surveyed by the Arthur 
Andersen accounting firm. 

And even when the new age 
of communications does arrive, 
the broadcast networks are like- 
ly to remain the only free mass- 
market medium. It’s not clear 

thaf the sanig Haim ran be 

made of any of the communica- 

tions technologies under devel- 

The networks* ability to 
reach 98 percent of the U.S. 
population through hundreds 
of affiliated local stations is the 
biggest source of their power, 
said Jack Valenti, who heads 
Lhe Motion Picture Association. 
Hollywood's leading lobbying 

“Any entity that can throw 
out a net and cover the entire 
nation is going to have the most 
efficient, cost-effective way to 
reach the public.” he said. 

This scale, which is difficult 
for others to duplicate because 
of the limited number of local 
TV stations, gives the networks 

the ability to attract the kind of 
advertising support that en- 
ables them to underwrite more 
original, high-quality programs 
than anyone else. 

A half-hour situation comedy 
such as “Seinfeld" or “Murphy 
Brown” costs about $750,000 
an episode to produce, an exec- 
utive of a major studio said. 

One-hour dramas cost about 
$1 million a show, while spe- 
cial -effects-] aden serials can ap- 
proach $1.4 million in cost. The 
budget for a two-hour made- 
for-TV movie averages about 
$3.4 million, and sports rights 
are costlier still. 

No other medium can spend 
as much as the networks on 

ig, because no other 
so many people. 

In short, the networks’ domi- 
nant position has an almost 
self-perpetuating quality: With 
big-budget ori ginal program- 
ming, they attract the largest 
audiences, which in turn attract 
the largest share of advertising 
money, which in turn finances 
the networks’ ability to buy 
more original programming. 

But the economics of net- 
work television aren’t fool- 
proof. A bidding war for a hot 
sports package, such as profes- 
sional football or the Olympics, 
or escalating demands by popu- 
lar actors and producers can 
make some programming un- 

• Deutsche iBank AG, Dresdner Bank AG and Commerzbank AG 
are among large German banks under investigation by antitrust 
authorities for allegedly wrestling away a lucrative Visa card 
contract from Citibank AG, the German arm of the big U.S. bank. 

• Den norske Rank AS earned a net 1.95 billion kroner ($300 
million) in the first nine months of the year, up from 699 million 
kroner in the comparable 1993 period as the bank’s reduced 
exposure to bad loans overcame a drop in interest income. 

• Union Bank of Switzerland sold its 12.2 percent stake in Neue 
Aarganer Bank to CS Holding, choosing not to challenge its rival's 
900 milli on Swiss franc ($715 million) bid for control. 

■MMM, the collapsed Moscow investment fund, was the target of 
the rage erf more than 1.000 investors Tuesday, who attacked the 
firm's office after it failed to reopen as promised. 

• Thames Water PLC, the British privatized water company, said 
poor market conditions made it unlikely that its noncore business- 
es would break even this year or in 1995. 

• KLM Royal Dutch Airlines has obtained the help of the Dutch 
government in trying to open access to Orly Airport near Paris. 

Bloomberg,. AFX. AP. Reuters 

• • - Tuesday’s Ctoefng 

• Tables include the nationwide prices up to 
the dosing on Wal! Street and do not reflect 

We trades elsewhere. Via The Associated Press 

Continued from Page 13 
making Japanese manufactur- 
ers even more competitive. 

“Some people overseas are 
rubbing their hands with glee 
with the yen so high, but in a 
couple of years when the yen 
balances out. ibe/ll discover 
the Japanese are significantly 
more competitive,” Mr. Don- 
aldson said. 

That said, Japanese compa- 
nies are not out of the woods, 
even at current yen levels. The 
impact of the strong yen has 
been mitigated to a great extent 
by strong demand in the United 
States and Asia, gradual recov- 
ery in Europe and the begin- 
nings of a turnaround in Japan. 
This demand has contributed to 
economies of scale that have 
bad a great impact on produc- 

YEN: Resilient Japanese Firms Learn to Cope With Soaring Currency 

The impact has been greatest 
on the dec ironies industry, an 
industry that has long had to 
compete on price. Moreover, 
electronics companies have 
been impervious to the strong 
yen to the degree they have 
carved out nearly monopolistic 
positions in crucial high-tech 
product areas, notably liquid 
crystal displays used in laptop 

Booming demand has also 
meant that despite higher prices 
caused by the strong yen, for- 
eign assemblers have had no 
choice but to procure supplies 
of CD-ROMs, dynamic ran- 
dom-access memory micro- 
chips and other devices from 

“Aside from the yen, things 
have generally gotten better,” 

said Steve Myers, an analyst at 
Jardine Fleming Securities. 

Japan’s automobile compa- 
nies face far more competition 
across their product lines and 
are more vulnerable as a result. 
They are losing U.S. market 
share and facing more competi- 
tion from foreign makers in Ja- 

Analysts say that at current 
yen levels, Japanese car compa- 
nies cannot make money on ex- 
ports from Japan, with the pos- 
sible exception of the most 
expensive vehicles. Toyota Mo- 
tor Corp., Japan’s largest man- 
ufacturer, expects to be in the 
blade this year, but Nissan Mo- 
tor Co. and others remain in the 

“If the dollar falls below 95 
or 100 yen, the entire auto in- 

dustry will be in the red for at 
least a year,” said Peter Board- 
man, an analyst at UBS Securi- 
ties. The dollar, which stood at 
96.70 yen Wednesday after- 
noon, has been trading between 
95 and 100 yen for several 

A movement of one yen up or 
down against the dollar trans- 
lates into a swing of 36 billion 
yen in earnings for the Japanese 
car industry. Mr. Boardman 

Still, analysts say the indus- 
try is healthy enough to with- 
stand even another round of 
yen appreciation. “If the yen 
goes to 80 to the dollar, the 
engine of the Japanese auto in- 
dustry will throw a rod.” Mr. 
Boardman said. “Bui the engine 
won’t stop.” 


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Page 17 


: i'te 

- . Bktmiers News 

; HONG KONG — Hong 

,Kong Telecommunications 

: Ud. said Tuesday its net profit 
. <*n6ed 14.7 percent m the first 
JiaM- as booming mobile phone 
safe made up for a slump in 
bosmcas handling calls to and 
Cram China. ; 

' Tbe company, which is con- 
trolled. by Britain’s Cable & 
WSrefess PLC, said profit after 
tax and minority interests rose 
to .419 bfflkmHong Kong del- 
tas 1 (S54Z million) from 3.65 
bjEjon doIlaxs a year earlier. 

•• “Overall this was a pretty ro- 
bust performance,” Andrew 
Harrington, an analyst at Salo- . 
moil- -Brothers, said. “There 
wore some disappointing areas, 
particularly China, but also 
some pleasant surprises.” 
y The company recorded a 44 
percent increase in revenue 
from mobile phone subscrip- 
tions to its 1010 digital mobfle 
phone network. 

Growth in China traffic 
stowed to 21 percent during the 
period, from around 30 percent 
in recent years. 

The company said this re- 
flected government measures to 
cool die economy and China’s 
inabaUity to keep pace with the 
volume of calls between Hong 
Kong and China, which has 
doubled in the last three years. 
~'IiLi£sp< the congestion 

problem, China has said it 
needs $7 bdlion of overseas 
capital to triple its network to 
140 million telephone lines by 
tbe end of the century. That 
would increase the number of 
phones for each 100 people to 
eight from three. 

Hoag Kong Telecom signed 
an initial agreement to set up a 
probiJe phone network in Bdj- 
uig and an optical fiber Knk 
from Beijing to Guangzhou in 

Mr. Cheung said revenue 
could start flowing from these 
projects late next year. He 
would not comment on how 
China’s ban on foreign compa- 
nies operating telecommunica- 
tions networks would apply to 

He company’s share price 
feD to 16.20 dollars from 16.55. 
■ Singapore Telecom Pact 

Singapore Telecommunica- 
tions Ltd. said Tuesday the 
Stockholm City (Vw mral had 
approved its international 
unit’s plan to pay 81 1 .7 million 
kronor ($113 million) for Stjam 
TV group, a cable television 
network, Bloomberg reported 
from Singapore. 

Stjam TV, founded in 1985, 
has a customer base of more 
than 210,000 homes, Singapore 
Telecom said. Most of its net- 
work is in the greater Stock- 
holm area. 


Taiwan Stocks 
Hit by Politics 

• Bloomberg Butinas News 

. TAIPEI — Stock prices 
plunged Tuesday amid 
conbero about rising ten- 

sions before local elections 
Dec, 3. 

The Taiwan Stock Ex- 
change’s Weighted Price 
Index dropped 4.98 per- 
cent, to 6,201.21 points. 

1 Politics are malting the 
azadeet nervous because the 
leading candidate in the 
race for mayor of Taipei 
has called for Taiwan to 
separate rtsdf from China. _ 

Business TV Takes Off 

NBC Throws Its Hat Into Asian Ring 

By Kevin Murphy 

international Herald Tribune 

HONG KONG — Confounding many of 
its skeptics, Asia Business News, the Singa- 
pore-based satellite television service with 
four parents, celebrated its first birthday 
Tuesday with a big bash in Hong Kong. 

But with the American broadcaster NBC 
gearing up for a serious move into Asian 
business and economic news, life is set to 
become more difficult, if not more expensive, 
for the young market leader. 

~ We’re a little tired of hearing we're the 
lily-livered operation in trouble now with the 
big boys coming to town,” said Paul France, 
the chief executive of ABN. 

He added, “It will take a huge amount of 
effort to shift someone who's been in place as 
long as we have.” 

Rupert Murdoch kicked off the scramble for 
a piece of Asia's potentially huge satellite TV 
market when he took control of STAR-TV 15 
months ago. STAR, based in Hong Kong, is 
the biggest satellite broadcaster in Asia but 
does not concentrate on business news. 

AB N saw a niche and responded to demand 
from viewers and governments for business 
and economic news that originated locally. 

ABN, owned by Dow Jones & Co., the 
American cable television giant Tele-Com- 
munications Inc„ Television New Zealand 
Ltd. and Singapore International Media, has 
created an indigenous service that broadcasts 
live eight hours a day. 

But, according to NBC where there is a 
will — and a large checkbook — there is a way 
to beat ABN at its own game 

"We know we’re late, so we'D have to do 
more and do it better,” said Peter SturtevanL, 
senior vice president at NBC in charge of news 
with the chann el to be known as CNBC Asia. 

CNBC NBC’s subsidiary that concentrates 
on financial news, plans to hire 150 people in 

the next few months. The new station plans to 
raise the reporting stakes with 24-hour live 
broadcasts that will follow the daily cycle of 
financial markets around the world. Asia and 
the United States mil provide 10 hours of 
programming each, with the other four hours 
coming from London. 

The newcomer plans to open bureaus in 
Hong Kong, Tokyo, Singapore and Shanghai 
initially, hoping that live video footage will 
eclipse ABN’s reliance on audio for man y of 
its reports from print journalists. 

Tapping into Dow Jones's two regional 
publications, the Asian Wail Street Journal 
and its weekly magazine, the Far Eastern 
Economic Review, ABN can draw on an 
editorial staff of more than 300 for its reports. 

“We've started out with a very efficient 
business, and we’re using technology very 
wisely,” said Mr. France, adding that the 
network, while not yet profitable, was com- 
fortably on track with Its revenue estimates. 

For now, only one ABN staffer, S^fra 
Salama. CNBC Asia’s new managing editor, 
has been lured away. But Mr. Sturtevant said 
several of her former colleagues had ap- 
proached him for jobs. 

“The competition for news-anchor people 
and trained television will be intense,” said a 
spokesman for CNN International, which 
along with the BBC and other foreign media 
groups is expanding in Asia. 

The arrival of still another new service. 
Chinese Television Network Lid., which will 
launch a 24-hour Mandarin-lan g ua ge ; service 
by the end of the year, will further increase 
the bidding. 

“I’d give ABN 9 out of 10 for their first 
year,” said Gary Brown, a senior executive 
with the Leo Burnett advertising agency in 
Hong Kong. “But there’s always room for 
another good product in the market.” 

Plans U.S. 


TOKYO — Softbank Corp., 
r sofi- 

Japan’s largest computer 
ware retailer, said Tuesday that 
it planned a major expansion in 
the U.S. market after its acqui- 
sition of a Ziff Communica- 
tions Co. subsidiary. 

The rapidly growing Japa- 
nese retailer announced Mon- 

day that it would bin Ziff-Da- 
\ Conference 

vis Exposition & 

Co. for $202 million. Ziff, a 
U.S. publishing concern, has 
annual revalue of about S950 
million, mainly from the sale of 
computer magazines and dec- 
ironic data services. 

The trade show and confer- 
ences business is the third ma- 
jor chunk of Ziff to be sold off 
in the last two weeks, after the 
SI. 4 billion acquisition last 
week of Ziff-Davis Publishing 
Co. by Forstmann Little & Co. 
and the agreement Monday by 
Thomson C©rp. of Canada to 
buy Ziffs database subsidiary 
for $465 million. 

Investor’s Asia 

Hang Seng 

' If 1 * 



angeV ; ■‘■Inctot.; ’’ J 

ftfrjjB 1 'MtBSfc, 



Kuala Lumpur Conjp0^a'‘;,- : 


SET y 



Sotuces: Reuters, AFP 

lucmanoao] Herald Tribune 

Very briefly: 

Softbank's president, Ma- 
sayoshi Son, said the Ziff unit 
would provide a strategic foot- 
hold in the United States, “a 
key market which do minat es 
the world’s personal computer 

• Visa International, the world's largest credit card co 

signed an agreement to provide technology and training for a 

1 China. 

Softbank is already consider- 
ing other U.S. mergers and ac- 
quisitions, Mr. Son said. 

Softbank's sales have grown 
sharply over the past few years, 
more than doubling between 
1988 and 1993. 

Indonesia Considers Listing Telkom by Next Year 

nationwide credit card clearing system in 

• General Electric Power Systems, a unit of General Electric Co. of 
the United States, said it received a contract valued at about $500 
million from Korea Electric Power Corp. for the expansion of a 
power plant in SeouL 

• Australia's current account deficit fell 14 percent, to 1.18 billion 
Australian dollars ($877 million), in September from a five-year 
peak of 1.57 billion dollars in August. 

• South Korea recorded a trade deficit of $213 million in October, 
reversing a surplus of $473 million a year earlier. For the first 10 
months of the year. South Korea's trade deficit widened to $5.85 
billion from $230 billion. 

a Fuji Heavy Infantries Ltd. said it expected lo post a pretax loss of 
23 billion yen ($24 million) for the six months to September. 

AFP. AFX, Bloomberg, Reuters 


- JAKARTA — Indonesia’s 
domestic telecommunications 
monopoly Telkom plans to go 
public as early as next year and 
hopes to match the success of 
its sister company Indosat with 
listings in New York and Jakar- 
ta, a government official said 

"Telkom will go public, but 
the Finance Ministry will de- 
cide when — hopefully next 
year,” said Joop Ave, the minis- 
ter of posts, tourism and tde- 
' “Telkom has the right to go 
pufaiHc because it has been mak- 

ing profits the past five years,” 
he said. 

Indosat made a strong debut 
two weeks ago on the New York 
and Jakarta stock exchanges. 

"Telkom is not going public 
just because of the success of 
Indosat but because Telkom 
has fulfilled the necessary re- 
quirements,” Mr. Ave said. 

Setyanto Santosa, chairman 
of Telkom, said last week that 
the company was planning to 
list in New York and Jakarta. 

Telkom is viewed by many 
international and domestic 
bankers as one of Indonesia's 
best-run state companies, hav- 

ing brought a degree of order to 
telephone systems in the 
world’s fourth most populous 

Telkom in April embarked 
on an ambitious plan to install 5 
million lines across the sprawl- 
ing archipelago over five years. 
The cost has been estimated at 
around 15 trillion rupiah ($7 

Indonesia had 3 million lines 
at the beginning of 1994, a 
sharp increase from 1.41 mil- 
lion in 1990. 

The World Bank, which has 
played a significant role in the 
development of Indonesia’s 

telecommunications sector, has 
given tacit Support- 

Brokers said Telkom would 
give investors access to an im- 
mense but underdeveloped tele- 
communications base that had 
benefited from government di- 

They said the listing was like- 
ly to appeal to the Jakarta mar- 
ket and to foreign fund manag- 
ers after the success of Indosat. 

“Indosat really whetted the 
appetites of first-time investors 
to Indonesia,” said one foreign 

Indonesia has also indicated 
that it would list the national 

carrier Garuda Indonesia and 
some state-run tnimng compa- 
nies . 

■ Posable Textile Move 

Foreign textile firms, 
weighed down by rising produc- 
tion costs and low worker pro- 
ductivity, are contemplating 
leaving Indonesia for newer 
markets such as Vietnam, an 
Indonesian industry official 
said Tuesday. 

"Many are planning to quit 
Indonesia because they were 
becoming less competitive,” 
said Husein Aminuddin, chair- 
man of the Federation of Tex- 
tile Industry Associations. 

Robust Car Sales in Japan 

Compiled bp On Staff From Dispatches 

TOKYO — Japan reported 
robust growth in domestic vehi- 
cle sales in October, extending a 
rebound fueled by economic re- 
covery and strong demand for 
new models, the Japan Auto- 
mobile Dealers Association 
said Tuesday. 

Sales in Ctetober rose 4.1 per- 
cent from a year earlier to 
389,443 vehicles, for the fifth 
consecutive mouth of year-on- 
year gains. 

Sales began rising this sum- 
mer, climbing 12 percent in Au- 

gust and 6.4 percent in Septem- 
ber as the economy started 
p ullin g out of its worst reces- 
sion of the postwar era. 

“Domestic sales are likely to 
continue posting year-on-year 
gains in the remaining two 
months of this year,” an associ- 
ation official said. 

Separately, six Japanese 
companies affiliated with 
Toyota Motor Corp. reported 
better-than-expected half-year 
earnings because of improving 
business at Toyota. 

(Reuters. Bloomberg) 

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38ft 16% AflSoAfr 
37% 1 1 % Mmol 5 
30 1 1 '/a AtrloSn 
26% 15 AuBon 
W„ JVuAuraSy 
10 3TbAuspex 

35 18% Autocft s 
29'/. 13". Autotate 
39Vj 17 AvMTctl 

so 3 ni 
r n : 

_ _ lj 

31 14 11 ! 

J2 1.3 ID 1 

(47 36% 35% 36% *% 

[67 36% 35% 35% —11*1 
03(779% 28% 2914 * 14 

196 16% 15% 15% — % 

IS 7% 7% 7% - 

20 29 77 27% — 1 

140 36% 25% 25% — % 
B5v22% 71 22% * % 

IOC A 55 1123 13 12% 12% — % 

_. _. US 10% JOft 10% — % 

J4 .9 16 310 27% 27% 27% — % 

1.74e 2.8 _ 1055 63 621* 62% Aft 

_ _ 3194 18% try, ,8ft +% 
AO I.B U 450 22% 21% 21% —14 

„ 20 364 13 12% 17% — % 

.88 3.9 14 4160 23%d2JV4 27% — % 

_ 38 3185 ZS'.-l WW Z5M » W 

_. _ 411 7% 7Vj 7% —ft 

_ 39 1740 26"! 24% 75% - 

M 72 6 714 3 27V, 27V4— 1% 

_ _ 1025 9% 9 9% *■ 'A 

- 26 5417 39% 38% IBft— "A, 

_ _ 700 30% 28% 30". a 1 

_ 16 783 21% 21 21% - 

■Ole .. »1 2378 70% 69V. 69'A— 1% 

.77 3.7 7 357 19% 19% 19% — % 

_ _ 316 u 19% 19% 19% Aft 

.16 .91738 219 IT 1 *! 17% 17% — % 

3a I.S 71 148 16 15% 15% — % 

_ 33 3171 Z7’V„ 24% 2Sft— 3M 
_ 27 883 21". 20% 70% — % 
.56 2.1 IS 3299 27% 27% 27% — % 

tO 13 6 214 ZB 

_ _ 1025 9% 

_ 26 5417 39% 
_ _ 700 30% 
„ 14 783 21% 
Jle .. 91 2378 70% 

_ 7 1755 I7%d I4H I4%— 3% 

_ _ 178 34% 33% 33% - 

.. 13 220 17% 17% 17V* -V k 
.24 1.1 70 301 22% 21% 22% — % 

_ 1927051 55% 54V, 54% — % 
da .B 11 1101 10 V. 9ft 9% — % 
_ 9 547 IS 14% 14% —V* 

15 14 17% 17% 17% — % 

_ 35 2069 S3 Vi 51% £2% *% 

_. 10 182 17% 17V. 17% — % 

- - 1335 28% 27 28 — % 

_ _ 1483 11% llh 11% - 

-. _ 361 17 15% 16% — V, 

JB 1.1 1719371 43r/ H 42% 43% — Vt. 
.02 .1 34 2383 16% 15% 15% — % 

44 3 32 1427 18% 17% 18 — % 

_ 793 11% 11% 11% -. 

.. - 1854 25% 24% 25 + % 

_ 31 93 M 23 23 —1 

_ 2313783 51% 49% 499*— 2% 
34 1.1 25 381 21% 21 21% - 

- 23 228 21% 20% 20% — % 

- 2 2 82 M% 1 It'll M —Vi 

.19 .9 21 1*67 70% 20% 70 V. _ 

1.16 41 8 273 28% 28% 28% _ 

_ 94 2043 17% 16% 17 —V* 

JW J 19 307 12% 12% 12% — V U 

M 29 20 813 22% 31% 2395 — % 

44 1.9 21 606 23 22% 23 — ¥„ 

_ 12 2385 10% 9% 9*%# -Vy 

- _ 1840 33% 31 Vj 33% * 1 

_ 24 1825 11% 10% Toil *% 

_ 22 931 34% 33% 34% — % 

_ _ 6 25% 25 25% — % 

- _ 662 25% 25% 25% — % 

_ 11 263 15% 15 IS —% 

_ _ 1302 28% 28% 28% — % 

42 1.9 II S232 17% (116% 17'/.—% 
_ 30 8616 36% 35% 35% — 1 

_ _ 1M 25% 2S 25% -% 

_ 29 2234 20 18% 18% — % 

_ _ 2553 4% 4% 4% — V, 
_ 22 S56 7% 7 7% 

24 J 26 2119 M% 33% 33V.— 1% 

_ IS 14 24% 244* 2446 * % 

_ 35 B17 17% 16% 17 — % 

_ 32 1433 37% 36% 36% — % 

71 40 V. BMC sn 

30% 14% BMC W! S 
25% 15 BW1P A0 
29% 8% Baboo* 

35% 31 V.BabvSslr 
23% 15% Bolter J JM 
72% 10% BotrCm 
33' . 29% BonPonC UU 
70 S3 BcOne p(C3J0 
45% 24% BocGahc J2r 
27 % ISV.Banctec 
21 % 12% EUc South JS2 
38% 29 BantO J2 
36% l3%BonynSy 
19 13%Barvfrs .12 
20% 10 BoretRs 
37%2S 1 *BoswHF SO 
43% 18%BavNtwS 
15V. OHBOYRKlae 
65 , '.43 , *BovS«cs >4» 

35V5 27% BedBath 
29% 22% Bed Bens M 
26 16>ViiBe(iCc2ri 
‘16 7 BeOMic 

■45 a * 18 V. BaOSat 
8 3%BentOG 
43 32 Bcrklnr m 

26 8%Bartuo 
.20% IZKBesfPwr 
55% 27". Blocien 
13% 9 Biomet 

7% 2 Bioseprtj 

5V« lT.BtoTcG 
15% BHBkJtBxS 
35 26% BoalB nc 1J6 
,Z3%IB%B00e«n -29 

21% 12%Boamtwn 
18% 8%Boiirtd 

.41 29 BostBc J6 

.25% 16%BostOl 4 

3.9 9 532 29% 

_ 33 79 3% 

_ 26 840 27% 
_ IB 4466 45% 
_ 10 126 17V. 
2.2 450 293 IS 

- 36 276 13% 
_ 433 45% 

A 9 631 17% 
_ - 025 11% 
3J 9 141 30% 
kS - 63 54 

IJ _ 607 27 
._ 13 758 20% 
3.1 10 2832 17% 
1.7 14 732 31% 
_ 102 1979 17% 
3 lb 1319 14% 
_ 42 243 19% 
3J> 16 326 27% 
_ 2420198 26>"i. 
_ _ 202 14% 
3.1 II 634 S8 
.. 37 3559 29% 
Id 16 264 26% 

- _ 1413 24 
-. IS 199 13 
.. 20 654 21% 

13 17 SU 36% 
_ 23 260 14% 
_ II 2487 14% 
_ .94621 42% 
_ IB 2302 11% 
_ _ 102 3¥. 

_ _ 1277 2 

« 19 1099 14% 
4A 9 1133 29V. 
1A 18 1155 21 
_ _ 720 15 
-. _ 4035 11 
13 6 309 30% 

_ 63 3124 19% 

29% 29% + 1 * 
8% 8% —9m 

21% 27 * % 

44% 45% *H 

16% 17 *V* 

17% IB 
13% 13% — % 
45 45% —V* 

1646 17 +% 

II 111* — % 
30% 30% — % 
53% 54 «•'<* 

26% 26% — % 
194* m< — % 
16% 16% — % 
30% 31 

17V* 17V» »V U 
13% 14 — ' % 

19% 19% — % 
26% 264* — % 
25% 2646 + 1%, 
14 14% — •« 

57% 58 -V* 

27% 28% — 14. 
25% 26 - 

23% 23% +*k 

12% 12V. — *u 

20% 21% .V? 
74* 7% +V„ 
35% 36V* _ 

13% 13% — % 


11% 11% —'A 
3% 3% >V* 
1 % 1 %—%, 
13% 14% +% 
294* 294* * % 
20’A 21 +4* 

13% 14% +4* 

10% 10% 4% 

30 30ntM— *%, 
18% 19 — % 


Tuesday’s dosing 

Tables in dude the nationwide prices up to 
the closing on Wall Street and do not reflec 
date trades elsewhere, via The Associated Press 

12 Month 

Hgh Lm Sw* 



1 Low Lutes! Or an 

9% 8 AIM Str 
38% 235* ALC 
12 'A B4* AM kntt n 
1% % AM In wt 

141'. 74* AMC . 

141'. 74* AMC . - 28 

26% 70% AMC Pf 1J5 7 J - 
. 4V„ 2V. ARC - 5 

26%20«ARMFP» 2J8 1IA _ 

■ 3 IV. ASH _ .18e 9A - 

, nWilWATTFd I73e A1 _ 
B% 5 V. AcKCom _ 24 

4% 3% AcmeU _ . 

3Vu 2, Action ~ 1K> 

8% 4% AdmRsc _ T4 

5 IJiAdvFln _ _ 

17% llViAdvMao _ 53 

2 %AdvMedT _ 3 

5 IV.AdvPhot _ _ 

3% 2%Apro3on _ S 

16% «%A&Wot - - 

5% 2 , V U AKUre _ 304 

3>v u 2%Ajrcoa IS 

7% 6 Alomaj _ IB 

5% 2% AiertCl n _ _ 

% V.AIertCwl ~ _ 

18%l5%AHaPBltn 1A4 8.9 - 
24* %Ainn t _ - 

111* 2t*AJWRsli _ 25 

114* 7%AItouH ._ II 

7% 3 Alphotn _ _ 

94* 44*AlPinGr _ -. 

64 55% Alcoa pf 175 6.9 -. 

10% A'ltAmahi _. 

1% %Amhttti .. _ 

14% 9%AFOH9 1J5 146 _ 
70 1 .* 15Vi AFSJRT 1.50 9.4 

30 16% ArnBilt K .15 A » 

8% 2"iiAmEail ... 

HVi. 1 % AHxpt . ... _ 

29 26 AEXPIlit US 87 — 

5% 5 AFcttiR n _ _ 

14% 3Vi, AIM B4 1.42 * 39.9 8 

16% 13% AIM 85 1A4 10.0 IQ 

14%ll%AIM86n 1-20 10,3 9 

IS IK..A1MUI) 1-5*0 13.9 II 

19% 14% AfTl List dQb 4-6 15 

24'.* 15"* AAAzeA W ti l 

Z3%14%AM2CB A4 2.9 12 

14% 6%AmPoon _ _ 

9% 4%AREInvn Jt »QA _ 

11% 7'AARenr M 9.0 4 

6% 2%A5cjE _ _ 

3% Vi.AmShnJ _ 

4"r. 3"*ATechC _ 13 

13% 6%Ampal - 35 

2% '/.Afraalwt _ _ 

14% 1 1% AnMBSt J6 3.1 9 

29 9% Andrea - 750 

6 2 AnoMtB - 34 

10% 4H Anuhco - 27 

its issssassr = 39 

IV. MArrmm _ _. 

10 M*AfTO»A _ 13 

17% 74* Amvth _ 7? 

4V., 2 A-rtTotc -. 31 

17% 2% Aten _ _ 

7% 5V. AtkmliS .10 Id 9 

% v.AttsCM _ ^ 

184* A'MAudvox _ 9 

24* Vi.Audnt - .. 

9% 4%AurorCl - 9 

2% 2 AZOOn — -. 

80 BA 8% 

1113 38 37% 

21 10% 10 

3 46 4* 

9 11% 11% 

5 23% 33% 

244 2 V. d 2 

70 21 20% 

S52 216. 1% 

106 66% 66 

28 67, 64* 

15 34* 3% 

3 2 2 

43 8 , 7% 

8 1«Vm 1«* 
21 15% 15% 
3143 % IVj. 

II 2% 2% 

113 6% 6% 

38 J% 3 

24 2% 2% 

29 6% 6% 

54 3% 2Tb 

14 *u V. 
33 16'A 16 

16 % >V H 

357 6% 5% 

87 8% 8% 

132 6% 6% 

476 5% S'* 

1150 55 054% 

7927 10% ID 
107 14* 1% 

19 10% 10% 

43 151* 154* 
2 24% 34% 
I 2% 2% 

3157 IV. 1*. 

6 26, 26 

873 4% <|4% 

209 3V|, yiw 

124 14% 14% 

28 11% 11% 

133 11% !1V» 
7 17% 17% 

15 22% 22% 

6 22". 22'* 

39 7\* 7% 

10 71* 74* 

6 7% 0 7% 

10 8 6 
10 % % 
10 3% 3% 

70 8 7% 

100 -t- % 

43 1 1 % d 1 1% 

398 23 21% 

44 54* 5% 

401 U 1 1 10U 

*3 9% 9 

5 8'* av* 

1 4* 4* 

15 8% 8% 

50 3 

24 2'V. 7% 

784 6% 6% 

1 5% 5% 

83 V. V. 

51 7% 7% 

457 IV. 1% 
257 4% 4% 

408 2'A 2V. 

8% _ 
37% _ 

10 — % 
4* _ 

11 % _ 
23'4 — % 
2 —v. 
20 % — % 
1% —V* 
66 % — % 
6 % +'* 
3% — % 
2 — % 
7% +% 

1%— V. 
1% _ 
7% - 

6% — % 

£2 - 
Z% — 
6% — % 
2% —4* 
V. _ 
16% _ 
% *17. 
6. *% 
8% — % 
6% — % 
5% —'A 
54%— 1 
10% *% 
iv. +v. 
10% —1* 
15% _ 

24% _ 


a FXt 

4% — % 

A :a 

n% _ 

11'* —V* 
17% — % 
22% —V* 
23'* — 

7 V* — % 
71* _ 

7% — % 
6 — % 

r = 

22% *% 
5% *% 
10% » w 
9 — % 

8'* — % 

%— >/. 

1% %B&H Mr 

“*% 72’S BHC 
19 BodwM 
It 3% Ba*er 
6% 4'ABaldw 
23% 194*BanFd 
14% 1 0% Barren- o 
9% 7% Bk Strip 
25% ZO'aBT cv7Vi 
75V, JO’.BT Cv7% 
% v.BanyH! 
2% IV.BanynSh 
73% 1 B%BotivH 
25% l4%BanL& 
21% 7V. BarvRG i 
71 il%8ayMea 
5 SHBayOu 
*"• 2'/. BSHK ert 
2% l%BeanJCo 
3% '".Bemwc 
8V1 6% Ben Eye 

I'/. UiBetnCP 
76% 10 BtoR A 
75% IQ%BioR B 
3% lkBUShm 
10'* 4". BiDvml 

3"*fi 14 «BJscApp 
14'.', 9%BlkSKW 
14". 9V.BCAIQ 
14". IQ 1 '. BN J 10 
14 91.BNYIO 

45% lVVjHIourtA 
« ITHBioarHB 
15% ly iBoadn 

21V. l*%BowfA 
S% 3%Bownr 
}J 3* BonmrPt 
18 "» I'v-Bowne 
19!* 9';Brondn 
S'* I’* Brandvt* 

. 1 5'-> 9%Br<cng 
3% Tv. Bro£*(:p 

15a A9 - 
788 S.5 

J 3 3X1 14 

I X 

1.91* 9A 16 

.22 10 IB 
1.88 V.l - 
1.90 1J0 - 

I 175 

M 1.1 16 

" 2b 

- 30 “If 

.. 19 

_ SB 

2.00* 2.2 «. 

i.os ioj - 

J9a 7.1 - 
.77 7.3 - 

.79 IS 
70S* 4.9 10 
.70 73 4 
57 1.4 19 

S3 IJ 19 
I 24 (LB 19 
J7 42 13 
... 13 
100 7 0 _ 
J6 2J 7 
30 1A 17 
87 * 208 1 

IB4 68 48 
. 27 

5 1% 1% 

182 Mv£ 1<vS 
11 77'A 77 
14 25% 24% 
253 4% 4% 

SB 6, S% 
23 20'* 20 
34 11 10 % 

6 7% 0 7'* 

5 20% 20% 
38 2th 21 

6 'V B "/* 

5 14* PS 

10 T9". 19 

123 1/U% 25% 
134 734* 23V* 
8 16'* 161* 
Sb 3<v. jr. 
320 3 2% 

4 35% 34% 

2 1% 1% 

256 % 'V.i 

33 25% 95% 
521 7 6% 

5 90% 90% 

17 1 I 

481 1)26% 26% 
«U»% 26 

74 % IV,, 

9 8% 8M 

33 2% 3% 

6 IQ W 

3 104 10% 
37 10% 10% 
78 10% ID% 

75 41% 41% 
1 37% 33 'A 

48 42% 42 
3 43 41 

10 14% |4% 
3 17% 17% 
190 T’v,, 

7 43 42 

640 16'.bd15% 
116 11% 17% 

13 4Vi, 4V. 
154 15% 15% 
10 J'". 9'';. 
175 1% l'-j 

IV* „ 
3V.— V. 

14V. _ 

77 — '•* 

24% -% 
4". — % 
6 — % 
20% _ 
11 *% 
71/4 — % 
20% — % 
21% _ 

2S% T% 

23% — % 
16'* — % 
3% _ 

2% — % 
34% —'A 
1% _. 
'V. „ 

25% •% 
I -% 
90% — % 
1 _ 
26% ■% 
26% - % 
■V. „ 

BVi ... 
2% _. 

10% .% 
10% -Vi 
10% — % 
41% -• * 
32% ■ % 
42% -% 
S3 —v, 
14% _ 

»7% ... 

3 V, • % 
43 • I 

15% -4* 
17% _ % 

ISV. — % 
9’w» —V. 
1% % 



’Tuesday’s 4 p.m. 

This fist compiled by the AP, consists ol the 1.000 
most traded securities m terms of dollar value. It is 
updated twice a year. 

17 Month 
HtahLow Studc 

18% 7%BrneV 

19% B’ASdwySer 
18% II 5wk«n 

0% vm PE 1004 Wfi UmLotestcn'oe 
_ « 2676 16% 1Mb 14V* *V» 

Z S iSoim* 1® 18% “ 

e eSM up!-* 

- 57 1736 64% 04 in —1 _ 

moh LOW 5M* 
64b 3%eneon 

Dtv Yld PG 100s Hiflh Low Latest Ch’ a* 

Dtv Yld PE 100s Huh Low Latest OTo, 

_ 28 «1 22"* 91% » —V. 

_ 10 111 154* 151* 1546 - 

.190 * 11 213 17 16 16 -4* 

_ _ K 9 B% 84b +% 

_ 27 33B 36% 3S 36% * I 

_ 34 417 47 46% 47 — % 

_ _ 333 20% 19% 20% * Vl 

_ _ 1114 11% 11% III* - 

14 18 10«7 20% 19% 19% _ 

.. _ 2»S» 33% 32Vi 33 +’A 

_ 14 119 29% 29 29 — % 

„ _ 3439 12% 12% 12Tb *"» 

- 36 4376 23% 22 73 + 4* 

_ 17 JO 7% 7 7V* — 

_. _ 40B 19 IBIty IBV«— > r /n 
_ 19 4480 17% 16% 174* - 

8 129 20% 194* 19% — V.* 
.. 28 1446 8% 8% 8% i-Vb 

„ 23 18 274* 23 2 2Vi —M 

.. 35 338 3D 29% 294* •% 

_ IB 7983 23% 22% 224* —VS 

_ - 64 12% 12 12 

A 16 36 36 3S% 36 - % 

21% 9%6roGcur 
16% lOVjBrTom 
li% 6%Brunob 


544* 13%CCOR 
3146 124* GOWs 
12 J%CAO_ 

?|% 6%CO« - * 4201 »% 15% 16% —l* 

S ShgSS" Z I'S ITU 4% S5 S** -IV 

34%20'ACWIneA - 20 147 32% 32'A 3ZH — % 

92% 59V. Ccnotil Jle 4 71 B V 92% 914*99% +V* 

20% 15 CBHtUSjtr 36 18 li 1019 20 19% 19% _ 

21 15%QrewHz - 46 278 18}* 174* 18 —4* 

22‘A 104*CirsPtr „ _ A£Q 19V* 19 19%—% 

S'* 21 CascCam 56 Mb S54b — % 

144blO%C(B0VSS JIB A 17 476 13% 12% 13 — V« 

s .? 2 es?s£ = 2? ’st S sar 

JS = 5“ iS ,3^=8 

194* 8 CaitiStr _ 10 177 BH 8% 8% — % 

944* 8%CdtoCp .16 1J 12 138 9% 9% 9% — % 

71 12 dfcxfcn _ 31 128 19 18 19 +% 

34‘* 13%Cel«Jt<a _ 11 211 174* 17% 17% _ 

36%14%CdffYO _ _ 2000 17 16% 164* 

204* 9%£atUJar _ 18 2413 17Vb 164* 16% — % 

56%40’ACetCmA _ _ 190 S3% S3 S3 — |A 

4SU10 Cat) unis „ _ 215 45% 45 45 — % 

37%184*CdCmPR _ « 74 36% 36 36% _ 

2446 8%C4»-7cs 622 1346 13% 13% _ 

24% 14 CentCel _ _ 587 17% 17 17 — % 

18 10%Centrtjk _ 29 445 124* 12% 12>A — 

43 10 Conform _ 107 9396 19% 18% 19V* +% 

18% BTbGcntnCar ll736ul»* 17% 18 ♦%» 

34%2S44OTdBk 1.12 X8 10 482 29% 2B% 29% ♦% 
19% 7%£fepnin _ _ 363 9% 9 9% —% 

49%23%C«nor _ 34 £fl 41% WV.40JV.-4V, 

36% lB'ACervecer Xle 1A 28 55 26% 26% 26% — Ml 

144, 7%OvmSh 09 IJ n 3639 74* 7% 7% +% 

94 ITM.OrtOnFs A8 14 J 774 20% 19% 20 —V* 

15 SViOiedcera _ 2S 3975 31* 37* 3ft t% 

nec 803 32% 

**» - l® * 

lour __ 69 13% 

m _2fs 51* l«i 

Ob 36 ** 17 2771 fjb 

Sb = ” ,0 S m 

rT ijs is io in 


I - IS 1574 11% 

F UV94 im&mt 

S% 32% S4* — % 
U4i 14% 14% — % 
13% 194* 134* — % 


10 10% _ 

S % 39% —1 

a —i% 

30 30% *4* 

11% 11% *’A 
aft 28 V. «% 
15% 164, — >A 

a 14%|rrv2i<P _ 39 3*9 194* 19 W%— l'A 

S tf%£qu*jral _ 12 *1 29% 289*29%, -r-V, 

14% 10 Eenvinsi -Me s3 - H06 10% io% im +% 

62%3»iErtCTg_ jSm IJ 29 4143 60% 60% 60% — V, 
7a%llV.gnS&Wl _ _ 253 1246 12% T3% — % 

KirBw =fli»KS»8S H i 

Sams? :gsI 

32 13%E^p!n« .10 S 99 907 21 2D% 304* — % 


31% 11% FTP at _. 33 2711 25 23% Q%-«2 

46 28%Fa*leBat JM -I SI 1792 45% 44% 44% Zja, 

234* 21% FetCor J7D 1 J _ 514 2% 22 -S 

^ I II 

17 Month 
High Law Shu* 

314*13 Konwr 
2?% 11% iean«f«*i 

S u 9%KecM 


28% 7 6% Kamos 
24% 9%Ku«sa 


isos man 
4099 52% 
1358 bVi 
903 30% 


541 21% 
1117 14 
477 4 

1642 24% 

33 1£* 

_ -. S3 7711 ZJ 23% a%-^ 

g4*2<%gtCa- J7e u ^1 S% a A 

55 *48* ^8 ^ |J4 23 14 387 J3% “viS EjJ 

ls'A 7%g?«eA _ _ 12S9 a 7% 7% _ 

29% U%FBeNeT _ 20 1317 24% 25% — % 

12% 6%Rtasini 946 7% 7V. 7Y. 

22% 8%F*»Aferts _ _ TS75 31% 21 fli _ 

35 2|%RATn 1.00 13 1 1081 304* 30 30% —Vt 

a thVFCoIBn M 17 17 IIS 294* g% fi!, _ 

30 23ViFComCS 1.20 4.6 9 715 26% 26 26% Z 

»«8EBF i fl » i 38 B% WMbdk 

17M,13%RFnCp At 18 1 718 14% 13% 14% +% 
3I4*S%gHiM' 1.18 4A 11 7PA B. 27. — % 


39% 29% LortCStr s M 

S %29%Ls«ars M 1A 17 1250 is 
<A 16% Lance .96 SJ 19 542 18 

25% 16 UW»3Bh - 152 7127 n'A 

x*i 17 V* Lorxsrrs _ _ 2532 3B% 

_ 59 1940 24" 
- M 18499 24V 

Z 24 4655 4$ 
1A 17 1250 35 
U 19 542 18 


51% SZV* — % 
6Vk b% _ 

f % 30% »% 

E 17% *% 
27% 28% +V» 
13% 13% -% 

3a* 3% — % 

24 34%— JV U 

12% 13% +% 
18 T5V» — *» 

24 U% -ft 

23 24 +% 

4% 4% —Vi 

44% 44% — % 

12 Mirth 
High Low Sock 

19% B CaitiStr 
94% 8%CateCp .16 
71 12 Cbtadan 

34% 13hC«ghal 
36% MhcetlPro 
20% 9%cSlstar 
54% 40%cetCmA 
43% 10 CatUnKs 
24% WtCAOrTcs 
2«% 14 CentCel 
18 lObbcennsk 
43 10 Cwitorm 

11% STitatoear 
34%25%«d8k 1.13 

_ _ 2011 6Tb 6% 6% — V, 

a it B tt 

23% 18 Fbecv _ 25 

!4>V 8«Flerffn _ 15 

20% aViFowne* _ _ 

7% 5%FdL)0B .09 1A 96 

15 3% Checkers 

24% UVbCheseh s 
27% 4%Oi qC ng 

7% Jft&IpsTc 
9A 5a%CtUron 
21% 8%Ovr>mds 
32WI5. adco 

_ 23 3975 3% 

— 33 68 19% . — _ 

_ 21 489 733Va 22% 23% _ 

_ 73 974 35? 3% W* — % 

_ « 431Bu62% 59 62% *2% 

_ 29 4546 6 5% 6 +•* 

3V|« 3ft t% 
in, 1?.. +% 

44% 34% anus 
4D% l8Was»s 

42 ZBV.CstHtm 
39% 12% Cobras 

_ 108 6978 67 
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lift av-Memtc Jj jJ I 12 

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9 TTbNAAdvn _. _ .254 

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lift 7ftNCdOo J0 _ - 8 

lift lift Nrthtry * J7 JJ IS r 
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lift 1 ThrVol i _ 42 .4 

10% 7V*Thmotwn _ _ 133 

16% 13 Thrmoix .n IS 


Jjflflf 5J2 

56% 41 TQ1E pfB 4JS 1QO _ 2150 
95 72 TtfEpIC 7J6 10J _ fllO 

104 91 ft rote pro 10410 ioj _ ztso 
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laMlOMToHPrt JOe IJ 14 372 
3 Vh I V* TowrtCfy _ _ 2W4 

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7ft _ft Thoracis 
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pro iooo ioj - ztjo 

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9% 5% Sandy .16 24 10 39 6% 6% 6ft * 'A 

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lift TUSomcre . _ 20 116 9 Pft 9 A% 

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205 148 ?xtCP IJO J 10 3 180ft ISO 180 —2% 

15% ItTAsetos JO 1.9 10 7 10ft 10ft 10ft _ 

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1% "/„5emPK wt _ _ 100 1% ift ift —ft 

ft’R&S&t Z i; |S % jSS % AM 

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a MbSncfldMtt _ _ 346 4ft 4M 4ft -% 

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ST, 5%5tw3g« _ 4 16 bft 6ft 6ft — M 

4ft IbSwcn JO 16J -. 20 3V(i 3V„ 3Yu — V H 

JOM iftSfmiia 


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_ _ 183 59 5M 5ft SV. *M 

S3 2.1 10 75 24% Mft Mft —lb 

6V* 4MUn(ABT« 

10 8‘AUnimar 


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8ft SftUnvPat 

12 WbVKCOt 
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15% 10MVKAAAV 
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8 XMVlacmrt 
3% l"uVVOCVrt 
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bft 3ft'" 

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2M ft 
21ft Ift. 

3M "ft 
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9ft 3Vu 

1.90a IOJ - S 

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50 U H S 
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jo ij i? ’§ 

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_ 77 a 6.8 _ 25 

L49e2S-5 20 38 

JOe 9J 30 » 

Z Z 10)5 
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15% 15ft IM Aft 
31 Tb 31ft 31ft _ 
9ft 9 9M 
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Bft Bft Bft _ 
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15% 15M 15% Aft 

33% 31^ 33% + 2ft 


94 «92ft 92ft— 3ft 

lR 14% 14% Aft 

OS lR 

S 1 1** ;i 

3 2^1 ’s'* * Vk< 

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iR 1? ifft^tt 

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5ft 5 
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7% 7ft 
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17ft 17ft 
12ft 12ft 
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9M 9ft 
11ft lift 
10H 10% 
9% 9 V* 

lift lift 
6% 6 V* 

bft 6** 
1% IVu 
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40% 40 
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3M 3ft, 

1% 1Tb 
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11 10ft 
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12ft 12% 
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20 20 

17% 17ft 
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1ft 1ft 
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7 - 

17ft _ 
12ft —ft 
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9% am 
lift — M 
10% —ft 
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lift *ft 

6ft Aft 

ift Aft 

m*— ft. 


1%, _ 


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lift _ 
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ft —ft 

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28ft —ft 
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9 4’.i sofrnet __ 78 8 lb '8 

16% 1 1 ft Kfd PfB 1J2 9.1 _ 18 Mft I ft lift— M 

16% IZftSCEd pfD 1J8 19 _ 7 12V, lift 17% _ 

18V*13V/^dpfF 1.19 9J _ 63 13ft 1 ft 13ft _ 

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IW*14%SwnLf©pt 1JS 11.7 _ 64 15 14% IS 

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TV* SftSpcOxn _ „ 4 H », _ 


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l* J 

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12% 12% 12% -ft 
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4ft 4ft 4ft a M 


74 73% 24 

2Vu 2ft, Ift. -M 
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32% 31% 33 _ 

2W„ 2*ft >Vu - 

34% 33V, 34 Va > ft 
37% 37% 37% • ft 


21% 21 21 — 1 % 
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4>v u 4ur u •’♦u ■ v* 

TV* iViSpcOTm _ i Mi H, »u _ 

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SV* 2HSmSuFwt _ _ 95 T<h, 3V, 2% —ft 

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35%24ftStcoan JO 2,4 19 V 33% 33M 33M —ft 

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5% 4%Storpr J80 U 10 Ss S'. 5% SVb _ 

lift lViStnmcr _ ISO 273 tvu 1 2 —'A, 

17% BhShttevid _ 13 81 lift 11% lift —ft 

10%2'VuSukM _ _ 382 3Vu 2"% 3 V h aVu 

13 iftSuinrtb J4 OJ _ 3S 9 BM 9 * ft 

6% 2%sunav _ 30 70 6 6 6 

6% TMSlinCTv .. . _ _ 

4'* iftSunNur _ _. 3S4 2 1% l«*i, _ 

2% Wu5unenpv _ 20 % d % % —V* 

6% 4V/ 5up m~fVf _ 8 40 5% S% 5% —ft 

10% bftTjf _ 14 H 7 6ft 6% —V. 

bft 4 TSF -J 5 5% Sft Sft -ft 

40% 3%TSXOp - 97 39 40% 29% 39% — % 

20V* IMTSXtw _. _. 1 JOVj 20ft 20% — 

I1M /ftTabftil JD U U 29 8% 8% 8% —ft 

ISft 12. TaHy 
JM 7'* Team 

56 CJ 15 59 13% ll’-i 13% • '1 

_ 4f JO 7% 2% 2% „ 

mm iMTpmas jo u n 37 ism 15 ism •% 

U 8M Techm s J U IS 13 Mft 14 ft MV, _. 

17% JMToknPw .. 34 20 I Oft 10ft 10ft • V* 

16% 13 TejhR 10 J 49 33 13% 13ft 11% •% 

54% 3SV| Teftjto J* J 63 1061 49% 48V* 49 —V, 

l Su. , ?£T 8n '£ GU Ma 1A _ 41 IJM IJ*. IT, , M 

'% «%Tc*»Ui. . .. AB |,V„ !% l%— Vu 

liM TMTrxMwr ... _ 168 13ft IJM 13% —ft 

19 llftThcrmfli 56 347 15% 14% 15 —ft 

23% 16 ThmaCrd .330 44 17% 17*, I7*y — Vb 

irtminp day. When; a apfff or Block ggyMSdSaSmS! 

a — dlYMfond also extra(i). 

d— ne wyew ly low. 


tsfxsasst ** 

nti — next aov tMhwrvT 
P/E — prke-eamlnBX ratio. 

WVWend bWta * * ,l « Ol 8041, 

v— Irodkwmiled. 

trt— mboniffiottCTyrBeeivenOilpBrhwuu. 23 

derg BDPduupfcy ^ 

«el— wtiondlstrtDuted. ^ com ' 

♦tl— whn issued. 

ww — with warrants. 

x — ex-dMdend or ex-rtaht*. 

kdh— mc-awnomion. 

xw— wtthaat norranfa. 

yi?— *ySdf en ^° ntf ‘ ntulr 

z— sales In hilL 

>j)i L> |Jt 



Page 19, 

; Page 20 



Newcastle, Villa 



CompUatby Ov Staff From Dnpauhn 

LONDON — Jos£ Angel Ci- 
ganda scored the lone gad 
. Tuesday night as Atletico Bil- 
- bao eli min ated English Premier 
‘■League leader Newcastle in the 
„ second round of the UEFA Cup. 

Then Trabzonspor pulled off 
:-tbe biggest upset of the night 
■ when the Tuikish team ousted 
former European champion As- 
ton Villa on the away goals rule. 

•UEFA Cap Scoring 

Real Madrid 4. Dynamo Mokow ■ 

- Scorers — Ivan Zamorona MWi minute). 
.Fernando Redondo (77m) Dari Gordo IBWu 


Real Madrid wins. 6-2. an aggregate 
B. LnerMaai 5, KIs nest Hawed Budapest 0 
Scarws— UHKIratCfi (29th, 6Sltl. eMti). Pa- 
vet Honal (3lstl. Mario Tolkmftt (60th). 
Leverkusen wins. 7-0. on owwli. 

TeksHKMMk Kamyshin T. Manias Z 
Scorers— TekstlMichlli Kamvsirin: Sergei 
Potetyanov (67lh); Nantes: N I colas Ouedec 
(48th, 64th 1. 

Nantes wins. 4-1. on oggreoate 
Nanan Z Boorish* 1 

Scorers — Nonoil: Massimo Agostini flBlti 
and 3Sth); Boarista: Luctono (77lh). 

Napoli wins. 3-1 an aggregate. 

EtetrocM Frankfurt 5. Rapid Bucharest a 
Scorers — Rudl Bwnmtr (10th). Anthony 
Yebeoh 1 14th. 17IW. Jan Furtok (65th. 67th). 
Frankfurt wins. 6-2. on aggregate. 

Bordeaux 1. KatowKe 1 
Scorers — Bordeaux: Franck HIslllkHes 
(I8th); Katowice: Krrctof Walczak (70th. 

Katowice wins. 2-1. on atra reflate. 

Lazio 1. Treflelwrg* o 
Scorer: Alan Bokslc (With). 

- Lazio wins, Hu on aggregate. 

AtMottc Bilbao I. Newcastle United 0 
Scorer: Jose Angel Ciuando 166th), 
Aggregate >3; Athletic BlJDao wins on 
.awav goats rule. 

Marseille X Sioo I 

Scorers — Marseille: Marc Ufabra (461ft. 
. 64lh). Jean-More Ferrerl (73d) ; Sion: Adrian 
Kura (5th). 

Aggregate 3-3; Skmwlnson awov goals rule. 
Depot ‘♦Iw La Corona 4 Tirol lire Wreck 9 
• Sasrere — Claudio Borregon 135th, 38th), 
Donato (39th. penalty). Javier Manlarln 

Deport ivo wins, 4-2. on oggregato. 

Aston villa Z Trabzonspor 1 
Scorers — Aston Villa: Dalian Atkinson 
{77th), Uoa Ehknu (tom); Tr ab zonspor: 
Kovnofc Orhon (90m>. 

' Aggregate 2-2; Trabzon sp or wins on erwav 
goals rule. 

Kaynak Orhan scored in the 
90th minute to make it 2-1 and 
Villa, the conqueror of cup 
holder Intemazionale Milan in 
the first round, was gone after 
having lost the first-leg match, 

1- 0, two weeks ago. 

And while all three Spanish 
teams progressed, three of 
France's four teams went out, 
with C ann es, Bordeaux and 
Marseille, all playing at home, 
all eliminated. 

Ciganda’s 18-meter blast off 
the right hand of Czech goal- 
keeper Pavel Smicek in the 67th 
minute gave Bilbao, in fifth 
place in the Spanish first divi- 
sion, a 1-0 victory and tied the 
aggregate score at 3-3. 

Bilbao advanced to the third 
round on the away goals rule, 
having rallied to turn a 3-0 defi- 
cit into a 3-2 loss in the second 
half of the first leg in England. 

The Magpies were without 
leading scorer Andy Cole, out 
for a month with shin splints, 
and were never much of a threat 
to penetrate the Bilbao defense. 

Newcastle bad not lost a 
game in any type of competi- 
tion Lhis season before falling, 

2- 0. at Manchester United on 

In other second-leg matches. 
Real Madrid scored four sec- 
ond-half goals and dominated 
Dynamo Moscow, 4-0. to ad- 
vance on a 6-2 aggregate. 

Chilean Ivan (The Terrible) 
Zamorano put Real ahead in 
the 47th minute, and Argentine 
Fernando Redondo followed 
up the 76th with a blistering 13- 
meter drive. Daniel Garcia 
scored two insurance goals in 
the final two minutes. 

Ulf Kirsten, who was sus- 
pended for the first leg, scored a 
hat trick to lead Bayer Leverku- 

Ins and Onts 
In England 

Osvaldo Andes, ar- 
riving at team head- 
quarters, was fired 
Tuesday as manager of 
Tottenham following 
9 string of setbacks. Ar- 
dOes was hired in 
June 1993 after Terry 
Venables was sacked 
as chief executive; the 
FA’s chief executive, 
Graham KeBy, said 
Tuesday that Vena- 
bles’ job as England's 
coach was safe de- 
spite new allegations of 
improper baseness 
activities. Hie BBC’s 
Panorama program 
alleged Monday night 
that Venables made 
false statements to tiie 
government’s Seri- 
ous Fraud Office and 
cheated business 
partners out of money. 
Venables said he 
would take legal action 
to dear Ins name. 

Ndl Mnninfi/Tbe ABOoued Piets 

Soccer’s Notable Night 

international Herald Tnbune Unsated even by that, he rose a gain , bristling 

B ARCELONA — We are moths to the flame, with power and desire, to head the first goal 
drawn to Non Camp stadium for the second against Barca two weeks ago. He wants more, 
coming of Barcelona -.versus Manchester United Meanwhile, the question about "arber is - . How 

in the European Champions League. much more can he take? The ankle joint ha(s 

When the lights go on in this 120,000-seat dogged him all season. He was asked to pur off 
sporting citadel Wednesday night, we foall see surgery and to stay close to Romario, the most 
whether the two teams can conjure up a game of elusive striker in football, to deny that crafty 
such wild fluctuations, vigor, entertainment and Br azilian time and space to score, 
profit as they did two weeks ago in Manchester. But score Romario did, a goal that combined 

The score then was 2-2, Equality was never (he nonchalanc e for which he is famous with the 
more stirring or more deserving. United led sniper’s aim that forgives almost no one. 
through great passion and wingplay; Barca tied. And then there is Keane- This Irishm a n is the 

then went in front through finer technique and epitome of the wretchedness of players in so 
cunning; yet close to the aid, the foes almost run many top European clubs whose efforts to run 
to a standstill, Manches ter scored again to pre- and run and run in the heat of the World Cup, 

serve an unbeaten record on its Old Trafford and then, with little r 
pitch that stretches back to the beginnings of club tournaments, is 
European play. and recuperation. 

Wednesday nights wane created for this. Keane is nothing ; 
Around the world strains, and he hurts, 

some 80 million Barcelona a fortnigl 

people in 107 na- JJJ™. mission, and ended i 

tions viewed the HU 9 nes l ^ ^ But he would not , 

contest, including night was neither wor 

live coast-to-coast cable coverage in the United scalpel was postpon 
States. It seems impossible, but soccer gets ever Wednesday’s match, 
bigger, pushes its athletes ever closer to the limits I leave to. you the < 
of human endurance, attracts ever wider audi- sporting valor or som 
ences and fresh controversies. young man’s career. 

and then, with little respite, to run some more in 
club tournaments, is silently crying out for rest 
and recuperation. i 

Keane is nothing if not a willing soldier. He 
strains, and he hurts. He began the match againsi 
Barcelona a fortnight ago like a man with a 
mission, and ended it like a man with a hernial 
But he would not surrender and, because the 
night was neither won nor lost, his date under the 
scalpel was postponed, again, until after this 
Wednesday’s match. 

I leave to. you the question of whether this is 
sporting valor or some less virtuous gamble on a 
young man’s career. I leave to Ferguson, the 

sen to 5-0 victory over visilng the away goals rule despite a another surprise by racing to a 
Kispesl Honved Budapest. The three-goal blitz in the second 3-0 lead in the opening 25 min- 
German club advanced on a 7-0 half. u(es and coasting to a 4-2 vic- 

This Wednesday, as a fortnight ago, three manager, this assessment; “Keane will get 
Manchester United warriors may be asked to through. He is tough mentally and physically.’^ 
perform through the pain of tom tissues. One thing for sure, Manchester United will bj? 

United’s doctors have been put on hold. They tested to the limits of mental and physical capao 
had diagnosed the groin of Mark Hughes, an iiy in Nou Camp. The credo of Johan Cruyff, the 
ankle of Paul Parker and especially a hernia of Barcelona coach who -carries to almost willful 
Roy Keane as operable conditions. degrees the belief in soccer as an attacking game; 

All three, unable to train for weeks, became wifi pit everything on win-or bust 
consenting adults to the request of their team r T 1 HE 100,000-PLUS CATALANS who make 
manager, Alex Ferguson, to “squeeze” one more X soccer die acceptable cause of separatist!} 
game, one peak, out of themselves. will roar their team on. United, if it can, will seek 

wifi pit everything on w 

T he 100 , 000 -PLus 

soccer the acceptal 

Hughes, it is said, has gone beyond the need to contain and to break on the flanks. 

for surgery. His strained groin appears, as if 

aggregate. Marseille won, 3-1, at i 

Nicolas Ouedec scored two Stade Velodrome to tie at ! 
second-half goals to give Nantes on aggregate, but the Svs 
a 2- 1 victory and a 4- 1 aggre gate team advanced thanks to Ad 
triumph over Texiilshchik Ka- an Kunz’s fifth-minute goal, 
myshin. The match was played The striker scored after a t 
In steady rain in Moscow be- rible defensive blunder by M 
cause Kamyshin’s own stadi- seiile goalkeeper Fabi 
urn, in southern Russia, did not Barthez, who fumbled a chest 
meet UEFA standards. bade pass from Bernard Cast 

Former European champion and presented a gift for Kunz. 
Marseille was ousted by Sion on Admira W acker pulled off 

Marseille won, 3-1, at the tory over Cannes. Laszlo 
Stade Velodrome to tie at 3-3 Klausz scored twice for the the 

uies and coasting to a 4-2 vie- mind over matter, to have righted itself. 

"We’re keyed up for the occasion,” Ferguson 
promises. "It’s worth all the agony, the /Vustra- 

tite to score against Barcelona was greater tion and anxiety and apprehension. It's worth 

on aggregate, but the Swiss Austrian team, which advanced 
team advanced thanks to Adri- on a 3-3 aggregate. 

his medics anticipated. 

that to be involved in this type of football, pitting 

Barcelona, after afl, is personal to him. Hughes yourself against the best 

an Kunz’s fifth-minute goal. Lazio’s Croat striker, Alen 
The striker scored after a ter- Boksic, scored in injury time to 
rible defensive blunder by Mar- foil Trkleborg’s dream pulling 
seiile goalkeeper Fabien off an upset against the star- 
Barthez, who fumbled a chested studded Roman team. The 
bade pass from Bernard Casoni Swedes had held Lazio to a 

spent a season there, a lonely, discarded, misfit The best? That is, or was a few months ago, 
unable to speak the language or strike a chord or AC Milan. Remember last May, when Milan tore 
a goal for the Catalans who dubbed him El Bull, asunder Barcelona to win the Champions' Cup 

He returned, disconsolate, to Manchester. He final, 4-0, in Athens? 

goalless draw two weeks ago. 

(AP, Reuters ) 

rebuilt his confidence, reclaimed his rapport with 
the Old Trafford crowd, and took a combatant’s 
satisfaction in downing Barcelona by scoring two 
thrilling goals in the final of the 1991 Cup Win- 
ners’ Cup final in Rotterdam. 

Backstage at FIFA, a Showdown with Havelange Is Building 

By Grahame L. Jones 

- Lm Angeles Times Service 

LOS ANGELES — What really hap- 
pened at the FIFA meetings in New York 
last week? 

On the surface, all seemed to go 

• smoothly, and the leaders of internation- 
al soccer’s governing body said as much 

_ at their closing press conference. 

. “There wasno rivalry between the con- 
federations,” said Joao Havelange, FI- 
: FA’s president “There was a discussion" 

■ on allocating World Cup ’98 places “and 
„ a final decision was readied. It was unan- 
imously adopted, so there was no rival- 

• With 14 tdevision cameras rolling and 
dozens of reporters crammed into an in- 
adequate room, Joseph (Sepp) Blatter. 

- FIFA’s general secretary, echoed Have- 

• lange’s words. 

■ “There was a general consensus on the 

- division of teams,” Blatter said. “There 

• was no rivalry. There was no fighting. It 
was a general consensus, therefore it was 
done in a fair manner." 


It was all a lie. A cover-up. A deliberate 
. attempt to pull the wool over the eyes of a 
1 press that all too many in FIFA's hierar- 

chy continue to view as either ignorant, 
indifferent or malleable. 

What really happened during three day’s 
of meetings was a series of furious argu- 
ments followed by a blatant instance of 
abuse of power by Havelange, the 78-year- 
old Brazilian who has ruled FIFA m an 
increasingly autocratic manner since 1974. 

How intense were the arguments? 

“It was not cordial," said Jack Warner, 
of Trinidad and Tobago, who is the presi- 
dent of CONCACAF. “It was very com- 
bative, very adversarial. 

“We cannot continue with this guerrilla 
warfare for eveiy World Cup. There has to 
be a principle established that will stop this. 
We must try to be objective and become 
football officials, not football politicians." 

Warner, who has led CONCACAF. the 
North and Central American and Carib- 
bean region, since 1990. should know bet- 

With the tens of millions of dollars that 
are at stake in international soccer these 
days, and the perks that come with pow- 
er. politics is what it is all about. 

Warner is slowly admitting as much. 

“For sure, these guys have made deals 
behind backs,” he said. “They have made 
deals” for the 1998 FIFA elections. 
“They have made deals for all kinds of 
things. 'There's no question," he said. 

but “I have no idea of who made what 
deals or what promises have been given." 

One day after voicing those remarks. 
Warner found out. 

In an astonishingly brazen move during 
the FIFA Executive Committee meeting, 
Havelange first postponed the second item 
on the agenda, the decision on appoint- 
ments to FIFA's key committees. Then, at 
the end of the meeting, he produced a 
printed list, announced that these were the 
appointments and summarily ended the 

No one had seen the list before. There 
was no discussion. There was no vote. 

What committee members found after 
examining the list was that Havelange 
had removed his “hidden enemies,” real 
or imagined, from all committees. 

Among those tossed out were the gener- 
al secretaries of the European. African. 
Asian and CONCACAF regions — Ger- 
hard Aigner of Switzerland. Mustapha 
Fahmi of Egypt. Peter Velappan of Malay- 
sia and Chuck Blazer of the United States. 

Also removed was Antonio Casarin of 
Italy, one of the world's top refereeing 

The Italian daily GazeUa Dello Sport 
was outraged. Under the h eadl ine “Night 
of the Long Knives at FIFA," writer 
Sergio Di Cesare expressed this opinion: 

“Forget the Stalinist purges, football 
seems to have returned to the times of the 
Inquisition, with JoSo Havelange in the 
role of Torquemada." 

Strong words, but typical of the anger 
many in international soccer harbor to- 
ward Havelange. who managed to win 
reelection at the FIFA Congress in Chica- 
go last June only after promising to in- 
crease the World Cup field from 24 teams 
to 32, giving more places to Africa and 

That has happened, and Havelange ap- 
parently feds free to remove from power 
those he suspects were behind the move 
to oust him, as well as others who have 
earned his displeasure. 

Worse yet, Havelange already is working 
to see that another Brazilian. Ricardo Terra 
Teixeira. succeeds him as FIFA presidenL 

Teixeira is Havelangg’s son-in-law. 

Last week, Havelange appointed him 
vice-chairman of the FIFA Referees Com- 
mittee and a member of the 1998 World 
Cup Committee. Both are key positions. 

It was Teixeira, president of the Brazil- 
ian federation, who Pel& last year accused 
of corruption, a stance that caused Have- 
lange to ban Pd6 from taking part in the 
World Cup '94 Draw in Las Vegas. 

Havelange has said he will not run for 
re-election when his current term in of- 

fice raids in 199 8. La st week he recom- 
mended that the FIFA Congress appoint 
an interim president from the Executive 
Committee to serve a two-year term. 

That way. Havelange argued, the elec- 
tion of future FIFA presidents would not 
fall in World Cup years. 

It is to remove the politics from the 
sport, he said. 

ith Alas, poor Milan. Its president is away playing 
it’s prime minister. I ^ team is racked by post-World 
wo Cup injuries. at San Siro has bees 
in- closed by order of the European soccer federa- 
tion following the incident where a hoodlum's 
bottle struck down the Casino Salzburg 

Milan’s heart does not seem to be in soccer at 
the moment The team, with only five goals In 
eight Italian first division matches, now lan- 
guishes strangely in the lower half of the table.’ 
m ' Another defeat by a solitary headed goal from 
mt Roberto Baggio of Juventus last Sunday, showed 
lve Milan to be a depleted, aging, sour team r unning , 
out of ambitions to chase. 

x ~ But surely it will not lie down in Europe, the 
l0t most glamorous, most enriching dub soccer in 
, the calendar? ^ 

u is iq remove me politics trom me There is no certainty any longer. Milan, 

s P9 r f , _ . _. . . , docked two points by the federation and bottom 

It j usi so happens that Teixeira is on the of its group m ^ Champions’ League, has been 
exeamve committee and therefore eligible ordercd ^ lay its ^ “home" matches 300 
to be chosen for the rnteran pnsidet^. kflometers (200 miles) from San Siro. 

A 47-year-old who ctesmlxs himself as So it ae K Athens on Wednesday in 
an economist and stokbraker, Toxeira was Trieste. AEK is rated the best Greek club side 
devated to the executive committee m June ever, and its coach, Dusan Bajevic, a Serb, wifi 
Havelange continues to position his sense Uie vulnerability of Milan’s so recently 
son-in-law. Movmg people like chess imperious team. 

pioxs is one of his strong suits. _ Bajevic talks the same adventurous philosophy 

Teixeira was trot Led out before the ^ c m yff jj e may nol have a clamorous NoU 
lele vrsion cameras m New York last week Camp, he may not have Romario, but now, if 
— ostensibly to rarave the FIFA Fair ever, is the time to strike at Milan. 

Flay Award and the Most Eatmaming It be quite a Wednesday. 

Team Award on behalf of the 1994 Bra- 
zflian World Cup team. 

But it was Havdange pulling the 
strings again. 

The next few -years should prove a 
fascinating exercise in sporting politics as 
he continues to promote his prot£g6, 
while Europe’s soccer leaders seek a way 
to block Teixeira from assuming the 

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Page 21 

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« .J. . J-. 7,V • ■ 1 • ■ • ;• 


Sr V?~* ■ - . " . • 

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J^c Talks Get Nowhere 


^.Xiia^W^)’ Staff Frwn Dispatches 

. NfiW YORK — The Nation- 
al Hockey League reached the 
gD(i, of the first month of the 
Jotfputofits players with aa- 
, ^ber^ecrct mating and anoth- 
» i!qXWt 'of no progress, but 
writ toe'announcement that a 
JtnMififit “Dream Team’* of 

j}QB^tiayexsis returning home 
fqt a five-game chanty exhihi- 

. f.^fegotistors for the league 
tadJbe' players’ union met in 
- Washington for about five 
hours Monday and left no clos- 
er to ^agreement than when 

' are now ex- 

pectect to lope as many as an- 
other lO games a team from the 
. season? ‘1-V 

■- 'The who’s who of Russian ice 
ilbdrcy talent is set to make a 
Bstoncretum to Moscow on 
Nov^4,- then play matches 
r agstast Russian teams in Jaros- 
iaul; iNizby Novgorod and 
Magnitogorsu before returning 
to Moscow for a game against 
(^.Central Red Army team on 

Noisily _ 

' ' TgwXarionov, a forward for 
ihe San Jose Sharks, said the 



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Monday! Bam* 

Green Bay 31 Chicago 4.- 


tour was the idea of his old 
- Soviet teammate Viacheslav 
> Fetisov, who now plays defense 
5 for the New Jersey Devils. 

‘The idea came when the 
lockout was announced,*' Lar- 
t ionov said. “Slava Fetisov 
i called and had the idea to put a 
F tcam together to play in Russia 
5 and he contacted the Russian 
. ice hockey federation.” 

Larionov said the response 
from Russian officials and his 
fellow NHL players was very 

Although Larionov has been 
back to visit friends and fa m ily 
since coming to North America, 
several of the other players have 
not been home since they de- 
fected to join the NHL. 

Larionov said he expects it to 
be a very emotional ceremony 
when the players go to the 
Kremlin to receive new Russian 
passports from President Boris 

One of the highlights of the 
tour will be the reunion of the 
line of Sergei Federov, Pavel 
Bure and Alexander MogQny, 
who played together as hot 
young prospects in Russia and 
smeehave become NHL super- 

Federov, who plays for the 
Detroit Red Wings, was named 
the NHL’s most valuable player 
and best defensive forward last 
season. Bore led the Vancouver 
Canucks to the Stanley Cup fin- 
als with his second consecutive 
60-goal season, and MogQztey 
sooted a league-leading 76 goals 
two years ago for the Buffalo 

“We’re going to put them to- 
gether," Larionov said. "It’s 
been a few years since they 
played in front of Russian 
crowds. They are very excited.” 

■ ‘‘Federov was concerned 
about the Russian Mafia and 
gangsters," Larionov added. 
“We assured him there is going 
to be plenty of security and if s 
going to be safe and he's ready 
to go." 

Also on the 19-player roster 
will be four members of the 
NHL champion New York 
Rangers — Alexei Kovalev, 
Sergei Zubov, Sergei Netn- 
sev — plus Larionov and his 
San Jose teammate Sergei Ma- 
karov — the L and M of the 

legendary KLM line — and de- _ 
fenseman Alexei Kasatonov. 

' All the money raised by the 
tour, will go to chfldiea’s and 
junior hockey in Russia. Lar- 
ionov sa id. 

The tour is being sponsored 
by Sun Microsystems, the high- 
lech U.S. computer' company. 

(Reuters, NYT, AP ) 

. I 

Baseball League 
Planned for ’96, 
With Asia Teams 

**r- 3 

. .ft" 


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Robert Green got muddied up with LeRoy Butler as die Packers won on Halloween In cold and rainy Chicago. 

Packers Treated Warmly in Cold, Rainy Chicago 

New York Tima Service 

CHICAGO — It was cold, windy and 
rainy at Soldier Field on Halloween 
night, but none of that was as chilling to 
the Chicago Bears as the whipping dis- 
pensed by the Green Bay Packers. 

The Bears started slowly and finished 
that way. The Packers started with a few 
slips but finishe d with a 33-6 treat Mon- 
day nighL 

They led by 1 4-0 at halftime and never 
looked back in scoring the game's first 27 
points. The finishing touches were Edgar 
Bennett's 1-yard, third-quarter run and. 
in the final quarter, his 13-yard score on 
a swing pass from Brett Favre plaus 
Reggie Cobb's 9-yard scoring run. For 
Bennett, it was a three-touchdown game. 

The Bears’ quarterback, Erik Kramer, 
was ineffective and Steve Walsh began 

the second half. He finally connected, 
between the Packers' final two touch- 
downs — with receiver Jeff Graham on a 
5-yard pass for the Bears’ only score. 

The Bears finished with five turnovers, 
the Packers with none. 

There was one highlight for the Bears: 
at halftime, in an upbeat ceremony, the 
numbers of the former greats Dick But- 
kus and Gale Sayers were retired. 

CrOTJt NAitm/Thc Aworuwd Pie* 

Venus WUfiams ea route to wimring her pro debut, 6-3, 6-4. 

ENOUSH-ntmiEa league 

Quotas Pw* Rangers 2. Liverpool I 
« N*MK Newcastle V POtetfS. Natttnu- 
ftam Forest 27, ManOwsterUnl ted 25. Btacfc- 
burn Mi Liverpool ZX Leeds 21, Onlsca 17 , 
Norwich- ft Manchester Cttv iB, Arsenal is. 
Tottenha m 17, Southampton 15, CovonirrT5, 
HM Ham UOiMons Fork RmtgnrslASnef- 
HeU WoOnnsdav.iaCmlal PotacelAWto- 
MedonTL Aston Vlllo 10. Leicester V, IpswROi 

1 4 -Year-Old Williams Passes First Test 


MUcfoi w. AwNtaWb IW dov 
ToesdOY, MLaMre 
Pakistan 1st lnatr»a»; 255-5 

West NNSeo' «i New Zealand 
Tuesday, in Gawohoa 
West Indies mnines; 3044 (30 overs) 
New Zealand lnntaos: T7M IS# overs) 
Result; West indies woo by US runs. 

Tfie Associated Press 

OAKLAND, California — 
The backhand drop shot from 
toe baseline landed softly over 
the net, spun back and died, as 
savvy a stroke as any pro could 

In this case, the pro was Ve- 
nus Williams, 14 years old and 
playing her first tournament 
since she was 10, and that cute 
little drop shot was the pivotal 
point in toe first set of a 6-3, 6- 

4 victory Monday night over 
59th-ranked Shaun Stafford, 
the former NCAA champion, 
in toe Batik of toe West Clas- 

Williams’s victory set up a 
match Wednesday night agamst 
top-seeded Arantxa Sanchez 
Vicario, the French and U.S. 
Open champion this year. 

“I don’t have to watch her,” 
Skncbez said as she left, before 
Williams took the court, to go 
to the Rolling Stones concert 

next door in toe Oakland Coli- 
seum. “Tm sure HI be seeing a 
lot of her.” 

While the Stones' concert 
was packed, the Coliseum Are- 
na was nearly empty, with just 
a few hundred fans — and al- 
most an equal number of me- 
dia — witnessing the heralded 

“J realty wasn’t sure how 1 
was going to do, but once 1 got 
out there, 1 just did my thi n g,” 
Williams said. 


ACROSS is Fellow who was 
called on the 

i Composer carpet? 

Henry leTumwtne 


b Used an aerosol 17 Scot’s squeeze 


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19 Pop band 


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24 Bamako's 
31 High-seas 
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38 Watches, e.g. 

34 Guy’s date 

as There Is Nothin’ 
Like a ' 

35 Annul 

37 Shooters’ org. 

38 Jams 

40 Hug 
4*- — Lay 


43 Reign of glaciers 

41 Nonsense 
comedy of bo's 

48 One in the 

48 Chico's boss 
50 RusSO of "In the 
Line of Fire" 

si Wounded . 


ss Whitney and 

54 Nonswimmer, 

55 Mayberry 

57 "Just a " 

58 Leave 

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2 carte 

3 Bug. In a way 

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28 Lola portrayer, 
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41 Some wave 
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54 Electrical units 
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Longshot Jeune Wins Melbourne Cup 

MELBOURNE (AP) — Jeune. who was entered in the 134th 
running of toe two-mile race after being snubbed by the Japan 
Cup, won the S1.S million Melbourne Cup on Tuesday, beating 
Paris Lane by IVz lengths on a wet track. 

The 6-y ear-old stallion earned 5975,000 for owner Sheik Ham- 
dam Bin Rashid al Maktoum, 

Oompala came in third, while 1 be Irish gelding Vintage Crop, 
who last year became the first European-trained entry to win 
Australia’s premier race, finished seventh and favorite Top Rating 
finished ninth in the 24-horse field. 

Tour of China Bike Race Set lor ‘95 

BEU1NG (AP) — China, the realm of the bicyde, will launch 
its own professional cycling tour, modeled after the Tour de 
France, with the 1995 Tour of China, organizers said Tuesday. . 

It will start Oct 26 in Hong Kong, travel to the southern cities 
of Shenzhen and Canton and continue to the eastern port city of 
Shanghai before its Nov. 5 finale in Beijing, having covered a 
course of 990 kilometers (618 miles), they said. 

For the Record 

Dennis Rodman, the San Antonio Spurs' forward, was suspended 
indefinitely Tuesday without pay; the team said it was because of 
“conduct detrimental to the club," but would not elaborate. (AP) 




I Monday 

International Conferences and Seminars 
I Tuesday 
Education Directory 
I Wednesday 
Business Message Center 
I Thursday 

International Recruitment 
■ Friday 

Real Estate Marketplace, Holidays aid Travel 
I Saturday 
Arts and Antiques 

Plus over 300 headings in IntematfonaJ Classified 
Monday through Saturday 

For further information, contact Phiiip Oma in Paris: 
Tef: (33-1)463794 74- Fax: (33-1)463752 12 


The Assoauied Press 

NEW YORK — Details of 
tbe new United Baseball 
League, which would have 
teams in Canada and Mexico 
with expansion plans for Japan. 
South Korea and Taiwan as 
well as Puerto Rico and Vene- 
zuela, were unveiled Tuesday. 

Organizers said it probably 
was too late to get started in 
1995 but that 199$ was a realis- 
tic goal. 

“There are at least 20 cities 
large enough to support a 
team" in the United States, said 
former Representative Bob 
Mrazek, one of toe founders, 
“rilies larger than Cincinnati 
and Milwaukee, which already 
have one." 

Mrazek, the agent Dick 
Moss, Representative John Bry- 
ant, Democrat of Texas, and 
the Smith College economics 
professor Andrew Zimbalist are 
the four founders of the league. 

It would be the first challeng- 
er to the American and Nation- 
al leagues since the Federal 
League, which began in 1914 
and folded after the 1915 sea- 

The UL plans on starting 
with 10 teams, including one 
each in Canada and Mexico. It 
would hope to double in size by 
1999, adding expansion fran- 
chises in Asia. 

Individuals involved in tbe 
UL include former major lea- 
guer Curt Flood, who unsuc- 
cessfully sued owners in toe 
1970s; former NBA player Tom 
McMillen, another former con- 
gressman; U.S. Trust Co. vice 
president Eric Vinson and Wil- 
liam Gray, rhairman of the 
United Negro College Fund. 

Moss, Donald Fehr’s prede- 
cessor as general counsel of toe 
Major League Baseball Players 
Association, said the league 
would attempt to sign free 
agents next winter and also 
would try to sign amateurs this 
summer. He said trying to take 
advantage of the current major 
league work stoppage by start- 
ing next spring was practically 

“The odds are greatly against 
us for having all the pieces for a 
quality league and acting them 
out in the next four months,” he 

The organizers said they 
hope to seB the charter fran- 
chises for 55 million cadi — less 
than 5 percent of the 5173 mil- 
lion it cost Peter Angelo's group 
to buy the Baltimore Orioles 
last year. 

Tbe host city of each fran- 
chise, according to the draft 
plans, would get a 15 percent 
equity share of each team and 
15 percent of the pretax profit. 
In exchange for budding stadi- 
ums, host dries would get 50 

percent of luxury suite revenue 
and 33 percent of parking mon- 
ey. Cities would get 100 percent 
of the money from selling 
names of toe stadiums. 

Players would get 35 percent 
of the equity of each team and 
35 percent of the pretax profits, 
the draft said, fa addition, play- 
ers would gel 10 percent of the 
money any time a team is sold. 

Moss said the UL would be a 
“true partnership," mocking 
the salary-cap and revenue- 
sharing proposals made by the 
current major league teams. 

Japan Team 
Picks Leader 
From U.S. 

The Associated Press 

TOKYO — The Chiba Lotte 
Marines made it official Tues- 
day, hiring former major league 
manager Bobby Valentine to 
improve the club from its 1994 
fifth-place finish in Japan's six- 
team Pacific League. 

Valentine is toe first former 
major league manager to join a 
Japanese team, although a few 
former major league players 
have managed in Japan. Don 
Blasingame managed toe Han- 
shin Tigers of the Central 
league in 1979-80 and the Nan- 
kai Hawks of the Pacific, now 
(he Fukuoka Daiei Hawks, in 

Valentine, 44, managed toe 
Texas Rangers from 1985 to 
midway through the 1992 sea- 
son. He spent 1994 managing 
the New York Mets' Triple-A 
Norfolk team in the Interna- 
tional f 

Tom James Robson has been 
taken on as batting coach, said 
a spokesman for Lotte Co., the 
confectionery company that 
owns the Marines. 

Robson, 48, played for the 
Texas Rangers in 1974-1975 
and Japan’s Nankai Hawks in 
1976. Later, he managed and 
coached in U.S. minor leagues. 

The spokesman said Lenn 
Haroki Sakata, 41, who played 
for the Baltimore Orioles. Oak- 
land Athletics and New York 
Yankees between 1977 and 
1987, would manage the Ma- 
rines’ farm team. 

Sources said each American 
had a three-year contract. 

They said Valentine’s con- 
tract was estimated at 100 mil- 
lion yen (51 million) for the 
three years. He can gain an ad- 
ditional 60 million to 170 mil- 
lion yen a year depending on 
how high the Marines finish, 
they added. 

On November 22nd, the IHT plans to publish 
a Sponsored Section on 


Among the topics to be covered are: 

■ The reconstruction of Beirut 

■ Strengthening the asset base of the 
banking sector. 

■ The return of flight capital. 

■ The bidding contest for $2 bfNion in 

■ Rebuilding the tourism sector. 

For further information, please contact 
Bffl Mahderin Paris at (33-1) 46 37 93 78, 
fax: (33-1) 46 37 50 44. 

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© New York Times/ Edited by Will Short: 
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Of Time and C-Span 

By Russell Baker 

N EW YORK — The real 
miracle of television is C- 
Span. 1 lie abed at a roadside 
inn in Grantville, Pennyslvania, 
and OSpan takes me back to 
youth. Or whatever thatfizzy 
condition was back there in the 
mists of faraway 1961 
It is the spectacle of Senator 
Edward M. Kennedy debating 
one Mitt Romney in Boston 
that does the trick. Only C- 
Span spreads it out across the 
darkening continent 
Lying abed, nerves still 
twanging after eight hours of 
high-speed driving, we heavy- 
footed gallants of the gas pedal 
can nevertheless become in- 
formed citizens qualified to 
think and talk politics and even 
to vote, thanks to C-Span. 


This Kcnnedy-Romney de- 
bate, however, is about more 
than politics. It is also about the 
tricks time plays on everybody 
who stays around long enough. 

I have seen something like this 
Kennedy- Romney campaign be- 
fore. It was in 1961 when an 
editor sent me to Boston to cover 
the Senate campaign of an utter- 
ly unqualified but well-connect- 
ed young man, name of Edward 
Moore Kennedy. 

What a fine figure he cut, a 
little beefy to be sure, but mov- 
ing with powerful athletic 
grace, and young, terribly 
young, barely old enough in 
fact to be eligible for the Senate. 

Utterly inexperienced in gov- 
ernment, of course, and really, 
really terribly arrogant he was, 
trying to start at the top by 
becoming a senator like that. 
Still he was well connected. So 
well connected. The president's 
kid brother. 

There was a highly qualified 
veteran against him for the party 
no minati on: Eddie McCormacL 
who’d paid his dues, learned 
government on Massachusetts 
turf from the ground up. He was 
obviously doomed and, having 

nothing to lose, spoke the brut- 
ish fact aloud. If his opponent's 
name were just Edward Moore, 
his candidacy would be a joke, 
said Eddie McCormack. 

Now here in Uus motel 32 
years later C-Span is taking me 
back to then. Now Romney is 
the arrogant upstart who wants 
to begin his political career at 
the lop. Now Kennedy is the 
old professional. 

If Romney were not heavy 
with millions to squander on a 
political campaign, his candida- 
cy would be a joke. Kennedy 
doesn't say it outright, but it is 
the message behind every jab he 
takes at his young opponent, 
who cuts such a fine figure and 
is not so badly connected either. 
His father, once a Republican 
governor of Michigan, was a 
at the presidential level 

’s main 
tas been 
successful in private business 
and has no experience in gov- 
ernment. Kennedy now makes 
the Eddie McCormack argu- 
ment. He has paid his dues, 
knows how to make the system 
work, can compete with know- 
how and power against the Sen- 
ate's Republican mossbacks. 

In the debate it is Romney 
now who sounds youthfully tart 
and scrappy, if not always at 
ease with ihe senatorial back- 
room mysteries. Kennedy, by 
contrast, has been a senator so 
long that he no longer seems to 
feel obliged to finish speaking 
his thoughts. After so long in the 
Senate, be expects everybody to 
know what he means and finish 
his thoughts for him. Lying 
abed, marveling at the wonder of 
C-Span, I am not thinking along 
with him. I am too busy thinking 
of when we both were young, 
green and arrogant. I am think- 
ing. “How we both have 
changed!" I am thinking lime 
really grinds a man down. 

tie h- York Times Service 

Young, rich Romney : 
arguments are that he ha 

Stairway to ‘Unplugged’s Led Zeppelin Unledded 

By Neil Strauss 

New York Tunes Service 

N EW YORK —In the 1 970s, Led 
Zeppelin almost single-handed- 
ly gave rock V roll not a bad name, 
but a worse name. It added “heavy” 
to the lexicon of adjectives used to 
describe rock music, developed a rep- 
utation for wild, destructive hotel 
parties, raked in larger percentages 
of profits than any band before it and 
turned an uncompromisingly long 
song, the eight-minute “Stairway to 
Heaven,” into the most popular tune 
on radio. 

Fourteen years after the quartet 
broke up, as a result of the alcohol- 
related death of John Bonham, its 
drummer. Led Zeppelin’s music re- 
mains a backdrop to the high school 
years of teenagers everywhere. 

The group's classic guitar riffs have 
been hammered indelibly not just into 
the music of many rap and rock bonds 
but the consciousness of anybody who 
has ever been near a sound system in 
the last three decades. 

This year. Led Zeppelin's guitarist, 
Jimmy Page, and singer, Robert 
Plant, reunited for their first long- 
term project since 1980. The two per- 
formed new arrangements of a dozen 
Led Zeppelin songs and a handful of 
new pieces in Morocco, Wales and 
London for an MTV “Unplugged" 
special called “No Quarter: Robert 
Plant and Jimmy Page Unledded.” 

The special, which had its pre- 
miere last week and will be rebroad- 
cast on Monday, was MTV's highest- 
rated “Unplugged" episode ever. An 
album of music recorded for “Un- 
plugged,” not all of which made the 
broadcast, will be released by Atlan- 
tic Records. 

In February, after a decade of ru- 
mors and requests, the pair plans to 
follow in the footsteps of other tempo- 
rarily disbanded groups like Pink 
Floyd and The Eagles and embark on 
what’s bound to be a highly lucrative 
world tour. 

“Some great blob called public 
opinion kept demanding that me and 
Jimmy do something together 
again,” Plant said, lighting a stick of 
incense in his Manhattan hotel room 
and beginning the first in-depth in- 
terview he had done with Page since 
1980. “So the only thing we had to 

consider was, can we do it again? 
Once we found out we could, certain 
things in me .were bom again.” 

Only Plant’s creased face displays 
his age. At 47, he can get away with 
wearing the same crown of long, cas- 
cading golden curls and the same type 
of leather pants that he wore decades 

Page, at SO and dressed in all black 
to match his billowing hair, smiled 
impishly and. continued Plant's 
thought: “It’s not a question of us 
going back. It’s a question of coming 
together and going forward and do- 
ing something winch maybe people 
can relate to down the line and pla- 
giarize from us again.” 

From its inception in 1968. Led 
Zeppelin was a cocky and undeniably 
talented band, and it still shows in 
Plant and Page's demeanor. They en- 
joy bong superstars and exercising all 
the privileges that come with the ntle. 

Among the duties of the publicists 
for their record label during their 
short stay in New York was to wear 
Page’s new shoes to break them in 
ana to shop for hip new records for 
him. “We want to stay in touch with 
the underground,” Page said, “but 
we don't nave lime to go to record 
stores.” Plant also wanted under- 
ground records, but said that he 
didn’t trust the taste of his record 
label, Atlantic. 

Plant and Page sometimes seem 
like overgrown children. Over the 
course of a two-hour interview. Plant 
continually teased Page, Page tried to 
outjesi Plant, and both engaged in 
sexual boasting, referred to things 
only they understood, and snickered 
at each other’s comments like two 
best friends in the back row of a 
school classroom. “Working with 
Robert and Jimmy was like getting a 
divorced couple back together." said 
Alex Coletti, the “Unplugged” pro- 
ducer. “It was a fragile, very tentative 
thing at first The slightest upset 
could have ruined it” 

But after they became immersed in 
the project Plant and Page renewed 
their bond. In fact the pair, who said 
they bad written enough new songs 
together for a second album, talked 
as if they had no intention of return- 
ing to their spotty solo careers. 

Jimmy Page and Robert Plant: The journey continues. 

“Who knows what will happen?” 
Plant exclaimed, adding a sardonic 
comment about two light-metal 
bands of the 1980s. “We could end 
up bashing it out like Heart until the 
very end, or we could be like Motley 
Crue and suddenly come out with 
knee-high boots and stick our 
tongues out and think we’re some- 
body else.” 

Though Plant and Page did not 
want to talk about the genesis of 
“Unleddec.” Coletti explained: 
“Originally, we were just going to do 
an ‘Unplugged’ with Robert, and we 
hoped that he would agree to get 
Jimmy to do a few songs. But then his 
manager took the initiative, got these 
guys together and made it happen.” 

In Marrakesh, Plant and Page ful- 

filled a longtime dream by perform- 
ing with Gnawa trance musicians, 
descendants of Sudanese slaves. “Ev- 
ery November," Plant said, “the peo- 
ple we played with — Ibrahim and 
his mates — go to people’s houses 
and clear them of the jinn — every- 
thing that’s bad in the place. But 
Ibrahim also makes tapes that you 
can buy for 1 5 dirhams in the market. 
So that’s quite a useful gig he’s got. 
It’s a bit like Tori Amos. She makes 
you feel good, and she sells a few 

The only thing missing from “Un- 
ledded” is John Paul Jones, Led Zep- 

S ielin’s bassist and keyboardist, 
ones, who is currently touring Eu- 
rope in a trio with the avant-garde 
singer Diamanda Galas and the for- 

mer Attractions drummer Pete** 
Thomas, said in a telephone conver- 
sation that he was never asked to take 
part in the broadcast. 

Led Zeppelin did not break up 
because of animosity between band 
members. It broke up because the 
survivors didn’t believe that they 
could be Led Zeppelin without Bon- 
ham. “Maybe 1980 was already a bit 
late to stop,” Plant said. “Maybe we 
should have stopped before.” 

Page interrupted: “But anyway, 
we couldn't have carried on without 
John. We had been working as such 
an integral, combined unit for so 
long that to get somebody in to learn 
those areas of improvisation just 
wouldn't have been honest to any of 
us, and certainly not to his name.’’ 

Most of the techniques Plant has 
added to his repertory', like singing in 
quarter tones and twirling, come from 
Arabic traditions, he said. Working on ; 
“Unledded" has only increased his 
bdief that taking his and Led Zeppe- 
lin’s music to a new level means com- 
bining it with ethnic cultures. 

“When we started rehearsing with 
the Egyptian orchestra, I could feel 
that Plant and Page were starting a ' 
little journey again," he said. “And 
that's how our music always was. It 
was some kind of journey which — in 
the end — fell into the clutches of the 
corporate promotional thingy." 

Next time, Plant said, he hoped to 
coDaborate with the Jbala musicians 
of northwest Morocco: “The other I 
day I spoke to one of the chaps who 
helped us out in Morocco, and he 
said: ’Robert, I've found these guys 
that really want, to work with you. 
They’re the Jbala. those are the peo- 
ple that can put you into such a state 
that you can cut yourself with Mo- 
roccan daggers and be covered in 
blood and feel nothing, and at the 
end of the song, the blood's gone.' ” 

“I don’t know if it’s quite the same 
as Teardrop Explodes,” Plant contin- 
ued, referring to one of his favorite 
bands. “But at least it gives us some- 
thing to do in the future, even if it 
only means that we end up learning 
to do First Aid very quickly.” 

Page snorted. “I can see the head- 
line now: ‘Former Led Zeppelin 
Members Disemboweled in 
can Trance Incident’ ” 











































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North America 

Pry, mild wealhar is likely 
tram Pittsburgh through New 
York and Boston later this 
week. Warm end humid av 
«H surge northward through 
the southern Plains and Mis- 
sissippi Valley triggering 
thunderstorms from Kansas 
City to Cncago. Heavy snow 
wll break out over the south' 
em Rockies. 


Gusty winds and rah mil be 
common from the British 
Isles lo western Norway 
Thursday inlo Friday. Paris 
lo Amsterdam will be whdy 
and mild with a few showers 
possible Friday into Satur- 
day. Rome through Athens 
wB be sunny and warm lam 
this week whle autumn rains 
roach the Mlddo East 

Middle East 

Latin America 

Today Tomorrow 

High Low W High Law W 


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Beijing and Seoul win have 
dry, pleasant weather late 
this week. Shanghai through 
Hong Kong will be mostly 
sunny with warm aha moons. 
Sunshine wffl return to Tokyo 
for a few days. A few show- 
ers may arrive over the 
weekend. Bangkok through 
Mania w* have mainly rain- 
free. warm weather. 

Legand: s- sunny, pc -pa fly cloudy. C-douOy, atvahowam. HhumkH s tormc. r-retn. 8 / -snow flumes, 
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16*1 pc 

Capo Toon 





12/53 S 



pc 22/71 

13*5 PC 





20 AB 

8/43 SC 






24/75 1 






13/55 • 






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North America 



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Los AngMas 





12/53 pe 




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21/70 PC 






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23/73 sfl 





0/48 ■ 





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9/48 a 

T HE authorized biography of Prince 
Charles, “The Prince of Wales,” went 
on sale Tuesday but got off to a slow start, 
apparently because the juiciest sections 
had already been serialized in The Sunday 
Times. Meanwhile, the Daily Mail has 
identified a woman who Jonathan Dimb- 
leby’s biography says exerted great spiritu- 
al influence over Charles — before his 
1981 marriage to Princess Diana. The pa- 
per said she is Zoe Saltis. the daughter of 
an Indian nobleman and an ex-wife of the 
late movie director John Huston. Dimb- 
leb/s book said “an Indian woman" got 
Charles interested in eastern philosophy 
and vegetarianism in 1978 and 1979 and 
their relationship became so intense “on 
an emotional and spiritual level” that it 
sent “a frisson of alarm” through the royal 
household. The Daily Mail quoted Sallis as 
saying, “It means a lot to me and I don’t 
want to talk about it. If it was something 
frivolous, that would be O. K., but it's 
not.” Stunned Americans got a taste of 
royal humor when Charles arrived in Los 
Angeles for a five-day tour and told offi- 
cials lined up to meet him. “Let’s have a 
drink.” The prince added: “I’ve had a stiff 
one already. I need another one now." 

Now on sale: Charles’s biography. 

An Israeli woman says she’s divorcing her 
husband because he’s obsessed with HiHary 
CUnton. “When my husband heard that the 
Clintons were coming to Israel he lost all 
control,' 1 the newspaper Yedioth Aharon- 
oth quoted the woman, whom it did not 
identify, as saying in divorce papers. “A 
month ago, my husband surprised me lag 
ordering me to color my hair to match the 
shade used by the president's wife and to 
copy her hairstyle. ” A Gin ton spokesman, 
Neel Laftimore, said, “It sounds to me like 
he’s the one who needs the total makeover.” 


Ihe impressionist Rich little did Cary 
Grant during his wedding to his stage part- 
ner, Jeannette Marisey, in a penthouse at 
the MGM Grand Hold in Las Vegas. Little 
began to cry as Marie ey made her entrance, 
and then tossed in part of his act. reciting 
some of his vows as the suave Grant. 


Peter Jones, known as MC Shy D, has 
been awarded $1.6 million from the sex 
rapper Lather Campbell for misrepresenta- 
tion over royalties from two albums that 
were released on Campbell's record label. 


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